$DOGE Is in Optimal Buy Zone - BeinCrypto Analytics

Dogecoin’s price, trading at $0.13, has already witnessed a considerable drawdown in the last two weeks. The meme coin will now potentially witness consolidation between $0.15 and $0.12. These two levels have been rigorously tested in the past and stand as strong resistance and support, respectively.

The indicators presenting mixed signals strongly hint at sideways action for the meme coin.

Any breakout or breakdown will only invalidate the bearish-neutral thesis, sending DOGE to either above $0.16 or below $0.11. The former would help recover the recent losses, while the latter would extend them.