DOGEUSDT is trading around 0.0877 USDT after recovering from the 0.079–0.080 area. However, the H4 timeframe structure is still within a descending channel, with any prior rebounds rejected at the top of the channel.
A region of 0.0890–0.0910 is currently a key resistance. If DOGE fails to break through the trendline, then it may lose the EMA34–EMA89 convergence around 0.0850; in that case, I lean toward a scenario where the price pulls back to 0.0820 before extending the drop toward the main target near 0.0790 USDT.
The broad economic backdrop today is mixed. Gains in Asian stocks and a slight drop in oil prices support risk sentiment; however, the two-year Treasury yield remains around 4.76% after the Federal Reserve’s hawkish stance, continuing to act as a headwind for speculative assets like DOGE.
The bearish scenario will be invalidated if DOGE breaks above the 0.0910–0.0920 range and holds there firmly.
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