$DOGE is losing short-term momentum after failing to hold the higher levels โ and this pullback is getting interesting. ๐
Iโm watching how price reacts around 0.08704โ0.08705, where the latest move is currently sitting. Price pushed higher earlier, but the chart shows a sharp rejection followed by lower highs and continued weakness.
The key resistance for me is 0.08714โ0.08718. Above that, the MA60 at 0.08722 becomes an important hurdle. DOGE would need to reclaim these areas with stronger buying pressure before Iโd consider the short-term structure improving.
On the downside, 0.08704 is the immediate level Iโm watching. A clean hold could allow buyers to attempt a recovery, while a sustained move below it would weaken the setup further. ๐
Volume also shows several noticeable spikes, including strong red-volume bars, so Iโm not chasing the move here. Iโd rather see confirmation.
๐ Confirmation: reclaim 0.08714โ0.08718
๐ Weakness: sustained trading below 0.08704
Iโm watching how price reacts around 0.08704โ0.08705, where the latest move is currently sitting. Price pushed higher earlier, but the chart shows a sharp rejection followed by lower highs and continued weakness.
The key resistance for me is 0.08714โ0.08718. Above that, the MA60 at 0.08722 becomes an important hurdle. DOGE would need to reclaim these areas with stronger buying pressure before Iโd consider the short-term structure improving.
On the downside, 0.08704 is the immediate level Iโm watching. A clean hold could allow buyers to attempt a recovery, while a sustained move below it would weaken the setup further. ๐
Volume also shows several noticeable spikes, including strong red-volume bars, so Iโm not chasing the move here. Iโd rather see confirmation.
๐ Confirmation: reclaim 0.08714โ0.08718
๐ Weakness: sustained trading below 0.08704