Conclusion first: On October 26, $DOGE looked more like weak consolidation than a signal that the decline had bottomed.
According to the data, a snapshot from CryptoCompass/IT Times at 10 a.m. on October 26 (Korea time) showed $DOGE at around $0.0768, down about 1.24% over 24 hours. In the same snapshot, Bitcoin was around $79,957, down about 0.94%, and Ethereum was around $2,318, down about 1.56%. TRON was the only one among the top ten to post a slight gain, with the broader market still generally in the red.
Three things stand out. First, volatility has narrowed: Finnhub's data for October 26 put $DOGE at around $0.07673, with an intraday range of about $0.07595 to $0.07769โa swing of less than 2%. Second, the medium-term trend remains weak: down about 6.26% over five days and 20.56% over 30 days, with a market cap of about $12.03 billion. Third, the technical picture has not strengthened: CoinEdition's October 26 analysis put key support around $0.07486 and resistance around $0.08222, with the price still below the major moving averages.
Assessment: A break below around $0.07486 would extend the consolidation to the downside. Until it climbs back above around $0.08222, this stretch should be viewed as a weak range.
Just my personal opinion; this is not investment advice.
#็็ๅธ $DOGE
According to the data, a snapshot from CryptoCompass/IT Times at 10 a.m. on October 26 (Korea time) showed $DOGE at around $0.0768, down about 1.24% over 24 hours. In the same snapshot, Bitcoin was around $79,957, down about 0.94%, and Ethereum was around $2,318, down about 1.56%. TRON was the only one among the top ten to post a slight gain, with the broader market still generally in the red.
Three things stand out. First, volatility has narrowed: Finnhub's data for October 26 put $DOGE at around $0.07673, with an intraday range of about $0.07595 to $0.07769โa swing of less than 2%. Second, the medium-term trend remains weak: down about 6.26% over five days and 20.56% over 30 days, with a market cap of about $12.03 billion. Third, the technical picture has not strengthened: CoinEdition's October 26 analysis put key support around $0.07486 and resistance around $0.08222, with the price still below the major moving averages.
Assessment: A break below around $0.07486 would extend the consolidation to the downside. Until it climbs back above around $0.08222, this stretch should be viewed as a weak range.
Just my personal opinion; this is not investment advice.
#็็ๅธ $DOGE
