$DOGE has broken down below the critical $0.115-$0.12 support level, which has historically held strong. The market remains weak, weighed down by fear and recession concerns, with a clear downtrend showing no signs of reversal. Technically, I’m bearish on Dogecoin, as it has broken out to the downside, and I expect it to fall towards the $0.10 psychological support level, where it might find temporary relief. While there could be a short-term spike back to $0.115-$0.12 due to a buildup of shorts and Bitcoin’s current support, I don’t anticipate a fake-out reversal. Fundamental shifts, like reduced recession fears or positive news from Elon Musk, could change the outlook, but for now, the bearish trend looks set to continue.

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