DOGE has entered a steep downward trajectory, breaking critical support levels as bearish sentiment intensifies. The recent drop to $0.30000 suggests growing selling pressure, with bulls struggling to defend key zones. A bounce from the $0.30000 support could signal temporary relief, but failure to hold this level may lead to a deeper decline toward $0.28000.
Trade Setup
For Bulls: A rebound above $0.31000 could target $0.32500 and $0.33400 in the short term.
For Bears: A decisive break below $0.30000 may pave the way for further downside, potentially testing $0.28000.
Strategy Suggestion
Stop Loss: Set at $0.29500 to minimize risk.
Short-Term Target: $0.32500 for quick profits.
Long-Term View: DOGE needs to recover above $0.33400 to regain bullish traction.
Monitor closely for any signs of a trend reversal or continuation, and trade cautiously in this volatile market environment.
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