DOGE / USDT Short Update (1H Chart)
$DOGE experienced a sharp rejection from the $0.096 resistance area, dropping down to test the $0.089 support zone with a high-volume red candle.
Current Price: ~$0.0903
Immediate Support: $0.0890
Key Resistance: $0.0928 - $0.0944 (MA 7 & MA 25)
Outlook: The price is currently trading below all major moving averages (MA 7, 25, 99), indicating strong short-term bearish pressure. A holding bounce above $0.0890 could trigger a retest towards $0.093. However, losing this support level may expose $DOGE to further downside.
Watch the $0.089 support closely for a potential stabilization or reversal !
#DOGE #CryptoAnalysis #BinanceSquare #Trading
$DOGE experienced a sharp rejection from the $0.096 resistance area, dropping down to test the $0.089 support zone with a high-volume red candle.
Current Price: ~$0.0903
Immediate Support: $0.0890
Key Resistance: $0.0928 - $0.0944 (MA 7 & MA 25)
Outlook: The price is currently trading below all major moving averages (MA 7, 25, 99), indicating strong short-term bearish pressure. A holding bounce above $0.0890 could trigger a retest towards $0.093. However, losing this support level may expose $DOGE to further downside.
Watch the $0.089 support closely for a potential stabilization or reversal !
#DOGE #CryptoAnalysis #BinanceSquare #Trading
