#DOGE From 0.0815‑0.0835, after this support level holds and the rebound begins, the price is currently oscillating around 0.0844 USDT.
Even though the price has broken down from the previous consolidation range and the bulls’ upward momentum hasn’t been fully restored yet, you can still see that the buy-the-dip demand on the short-term lows is quite strong.
I’m mainly watching the 0.0820‑0.0835 area. If the coin price can hold this level and form higher lows, the probability of rebounding upward to test 0.0860‑0.0870 will increase. If it can also hold above the 89-day moving average near 0.0855, there will be an opportunity to push further toward 0.0890, and then the key target above would be 0.0905.
On the other hand, if the price breaks down through the 0.0815‑0.0820 range, then the bullish thesis for this move is immediately invalidated.
Even though the price has broken down from the previous consolidation range and the bulls’ upward momentum hasn’t been fully restored yet, you can still see that the buy-the-dip demand on the short-term lows is quite strong.
I’m mainly watching the 0.0820‑0.0835 area. If the coin price can hold this level and form higher lows, the probability of rebounding upward to test 0.0860‑0.0870 will increase. If it can also hold above the 89-day moving average near 0.0855, there will be an opportunity to push further toward 0.0890, and then the key target above would be 0.0905.
On the other hand, if the price breaks down through the 0.0815‑0.0820 range, then the bullish thesis for this move is immediately invalidated.
