$DOGE at $0.0766: six days of lower highs and the levels to watch
Dogecoin is trading around $0.0766 on Binance this Monday morning. It's down about 4% on the week and roughly 21% over the last 30 days, after topping out near $0.0989 within the last 30 days.
The pattern that stands out is simple. Since the October 21 high of $0.0838, every daily high has been lower than the one before it: $0.0822, $0.0807, $0.0791, $0.0781, and $0.0774 so far today. That's six sessions in a row of sellers showing up a little earlier each time.
Support
$0.0760 has held twice, on October 25 and again this morning. Below that, $0.0748 is the October 24 low and the lowest price in the past 30 days. A daily close under $0.0748 would put DOGE at fresh monthly lows.
Resistance
$0.0788 to $0.0807 is the first zone, where the October 22 close and the October 23 high sit. A daily close above $0.0791 would clear the last three daily highs and break the pattern, which would be the first real sign of a change in trend. Above that, $0.0838 is the weekly high.
Volume is quiet too. About $21 million traded on the DOGE/USDT pair in the last 24 hours, compared with around $48 million on October 22. Low volume near support can mean sellers are tired, or it can mean buyers simply aren't interested yet. The next move off $0.0760 should tell us which.
Not financial advice. Watch the levels, keep your size small, and do your own research.
Dogecoin is trading around $0.0766 on Binance this Monday morning. It's down about 4% on the week and roughly 21% over the last 30 days, after topping out near $0.0989 within the last 30 days.
The pattern that stands out is simple. Since the October 21 high of $0.0838, every daily high has been lower than the one before it: $0.0822, $0.0807, $0.0791, $0.0781, and $0.0774 so far today. That's six sessions in a row of sellers showing up a little earlier each time.
Support
$0.0760 has held twice, on October 25 and again this morning. Below that, $0.0748 is the October 24 low and the lowest price in the past 30 days. A daily close under $0.0748 would put DOGE at fresh monthly lows.
Resistance
$0.0788 to $0.0807 is the first zone, where the October 22 close and the October 23 high sit. A daily close above $0.0791 would clear the last three daily highs and break the pattern, which would be the first real sign of a change in trend. Above that, $0.0838 is the weekly high.
Volume is quiet too. About $21 million traded on the DOGE/USDT pair in the last 24 hours, compared with around $48 million on October 22. Low volume near support can mean sellers are tired, or it can mean buyers simply aren't interested yet. The next move off $0.0760 should tell us which.
Not financial advice. Watch the levels, keep your size small, and do your own research.
