Tonight at 21:00, this candle's volume was 8 times the average over the past week for $DOGE .
The current price is $0.0787, down 4.98% in 24 hours. Trading volume suddenly surged starting at 20:00 tonight: about $7.87 million traded at 20:00, then shot up to $20.58 million at 21:00—8.4 times the 7-day hourly average (about $2.45 million). Over two hours, the price plunged from around $0.0803 to $0.0787, touching the 7-day low of $0.0777.
And it's not the only one falling—the entire meme coin sector is bleeding: PEPE -5.6%, WIF -6.4%, BONK -5.4%. DOGE is leading this breakdown.
Key levels:
Support: 0.0777 (7-day low, just tested tonight); if it breaks, watch for the round-number level at 0.0750
Resistance: 0.0803 (the lower edge of the range before the breakdown), with 0.0832 above (24-hour high)
Scenarios:
If 0.0777 holds and volume contracts → first watch for a rebound to 0.0803; only a move above that would signal strength
If 0.0777 breaks on high volume → 0.0750 is only a matter of time; don't try to catch a falling knife
My short-term stance is cautiously bearish and on the sidelines: volume hasn't died down yet, so I'm not catching a falling knife. What would prove me wrong: if 0.0777 holds and volume falls back to around average, then this post is wrong.
⚠️Just my personal rambling; this is not investment advice.
#DOGE #Meme币
The current price is $0.0787, down 4.98% in 24 hours. Trading volume suddenly surged starting at 20:00 tonight: about $7.87 million traded at 20:00, then shot up to $20.58 million at 21:00—8.4 times the 7-day hourly average (about $2.45 million). Over two hours, the price plunged from around $0.0803 to $0.0787, touching the 7-day low of $0.0777.
And it's not the only one falling—the entire meme coin sector is bleeding: PEPE -5.6%, WIF -6.4%, BONK -5.4%. DOGE is leading this breakdown.
Key levels:
Support: 0.0777 (7-day low, just tested tonight); if it breaks, watch for the round-number level at 0.0750
Resistance: 0.0803 (the lower edge of the range before the breakdown), with 0.0832 above (24-hour high)
Scenarios:
If 0.0777 holds and volume contracts → first watch for a rebound to 0.0803; only a move above that would signal strength
If 0.0777 breaks on high volume → 0.0750 is only a matter of time; don't try to catch a falling knife
My short-term stance is cautiously bearish and on the sidelines: volume hasn't died down yet, so I'm not catching a falling knife. What would prove me wrong: if 0.0777 holds and volume falls back to around average, then this post is wrong.
⚠️Just my personal rambling; this is not investment advice.
#DOGE #Meme币