$DOGE trades near $0.072, with a market cap of about $11.3B. It fell about 20% in October, and the outlook stays bearish while it is below $0.0782, with $0.0715 as key support.
The case for holding
Large holders bought about 130 million DOGE (around $10M) on 6 Nov as price tested the $0.07 support area.
One analyst calls the current price a “discount zone” after about a 25% fall from the early-October high near $0.10.
The case for waiting
DOGE broke below an uptrend line that had held since August, and weekly transactions are down 41% from a year ago.
Its median November return is -2.72%, and only 5 of the last 12 Novembers were positive.
Possible take-profit targets (from about $0.0721)
TP1 $0.0782 (about +8.5%): the 20-day average DOGE needs to reclaim.
TP2 $0.0800–0.0818 (about +11% to +13.5%): the weekly midline at $0.0800, then the 50-day average at $0.0818.
TP3 $0.083–0.085 (about +15% to +18%): the next resistance if $0.0792 is reclaimed, where the broken trendline sits.
Risk reference
$0.0715 is the wedge floor, but it is less than 1% below the price, so a stop there is very tight. The next support is $0.068, about 5.7% below.
Skip leverage in a narrowing range, where a breakout in either direction can be sharp. Not financial advice. #DOGE #Dogecoin #MemeCoins #Binance