$DOGE Dogecoin is experiencing short-term weakness, declining 2.80% in 24 hours. The 4-hour RSI at 38 indicates near-oversold conditions, while open interest has dropped 14%, reflecting long-position capitulation. Traders are watching the monthly ascending trendline and whether buyers can defend the current support structure.
📈 Bias: Neutral to Bearish | 🎯 Entry: $0.1060–$0.1100 | 🛡 Support: $0.1050 / $0.0980 | 🚧 Resistance: $0.1240 / $0.1350 | 🎯 Targets: $0.1220 / $0.1290 / $0.1400 | ❌ Invalidation: $0.0950
Strategy: Watch for a confirmed support bounce before entering. BTC weakness remains an important risk.
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