$DOGE is losing short-term momentum after failing to hold the higher levels — and this pullback is getting interesting. 👀
I’m watching how price reacts around 0.08704–0.08705, where the latest move is currently sitting. Price pushed higher earlier, but the chart shows a sharp rejection followed by lower highs and continued weakness.
The key resistance for me is 0.08714–0.08718. Above that, the MA60 at 0.08722 becomes an important hurdle. DOGE would need to reclaim these areas with stronger buying pressure before I’d consider the short-term structure improving.
On the downside, 0.08704 is the immediate level I’m watching. A clean hold could allow buyers to attempt a recovery, while a sustained move below it would weaken the setup further. 📉
Volume also shows several noticeable spikes, including strong red-volume bars, so I’m not chasing the move here. I’d rather see confirmation.
📍 Confirmation: reclaim 0.08714–0.08718
🛑 Weakness: sustained trading below 0.08704
I’m watching how price reacts around 0.08704–0.08705, where the latest move is currently sitting. Price pushed higher earlier, but the chart shows a sharp rejection followed by lower highs and continued weakness.
The key resistance for me is 0.08714–0.08718. Above that, the MA60 at 0.08722 becomes an important hurdle. DOGE would need to reclaim these areas with stronger buying pressure before I’d consider the short-term structure improving.
On the downside, 0.08704 is the immediate level I’m watching. A clean hold could allow buyers to attempt a recovery, while a sustained move below it would weaken the setup further. 📉
Volume also shows several noticeable spikes, including strong red-volume bars, so I’m not chasing the move here. I’d rather see confirmation.
📍 Confirmation: reclaim 0.08714–0.08718
🛑 Weakness: sustained trading below 0.08704