#DOGE Settles and bounces within the support range of 0.0780–0.0805. The current price is around 0.0829. This area has seen capital enter and absorb on multiple occasions before, and the current market action also shows that the bears have failed to break through this key support.
Technically, the price is trying to hold above the 34-day moving average, which is around 0.0825. The next target is the 89-day moving average at 0.0839.
If DOGE holds the support range, forms higher lows, and stays above 0.0840–0.0850, it will most likely continue rebounding to 0.0875–0.0883. This range aligns with the descending trendline, making it an important resistance area for the bulls.
Today’s external conditions also provide some support for the rebound: the 10-year U.S. Treasury yield has fallen to around 4.94%, oil prices are declining, Asian stock markets are rebounding in sync, and overall this boosts market risk appetite.
However, note that if DOGE breaks below 0.0780, this bullish thesis is immediately invalidated.
Technically, the price is trying to hold above the 34-day moving average, which is around 0.0825. The next target is the 89-day moving average at 0.0839.
If DOGE holds the support range, forms higher lows, and stays above 0.0840–0.0850, it will most likely continue rebounding to 0.0875–0.0883. This range aligns with the descending trendline, making it an important resistance area for the bulls.
Today’s external conditions also provide some support for the rebound: the 10-year U.S. Treasury yield has fallen to around 4.94%, oil prices are declining, Asian stock markets are rebounding in sync, and overall this boosts market risk appetite.
However, note that if DOGE breaks below 0.0780, this bullish thesis is immediately invalidated.
