#DOGE to hit $0.25… Crash… Really big threat.
$DOGE / USDT Analysis: Bearish Momentum Continues – Key Levels to Watch
Current Price: $0.29941 (-15.11%)
24-hour High: $0.36734 | 24-hour Low: $0.30001
Key Levels to Watch
Support Zone: $0.30000
Resistance Level: $0.33400
Market Overview
DOGE has entered a sharp downtrend, breaking critical support levels as bearish sentiment intensifies. The recent drop to $0.30000 suggests increasing selling pressure, with bulls struggling to defend key areas. A bounce from the $0.30000 support level could signal temporary relief, but failure to hold this level could lead to a deeper decline towards $0.28000.
Trading Setup
For Bulls: A bounce above $0.31000 could target $0.32500 and $0.33400 in the short term.
For Bears: A decisive break below $0.30000 could pave the way for further downside, potentially leading to a test of $0.28000.
Strategy Suggestion
Stop Loss: Set at $0.29500 to minimize risk.
Short-Term Target: $0.32500 for quick profits.
Long-Term Outlook: Dogecoin needs to recover above $0.33400 to regain bullish momentum.
Watch closely for any signs of trend reversal or continuation