$DOGE is currently trading at $0.29375, down by 20.34% in the last 24 hours. The price has dropped from a high of $0.36734 and is now testing the day’s low at $0.28738, showing strong bearish momentum.
Key Levels to Watch:
Support: $0.2800 – A breakdown below this could lead to further declines toward $0.2600.
Resistance: $0.3150 – Bulls need to push above this level for a recovery.
Trade Setup:
Entry Point: Around $0.2870 for cautious trades.
Targets:
1. $0.3150 (short-term resistance)
2. $0.3450 (major recovery zone)
Risk Management:
Stop-loss: $0.2750 to limit potential losses.
Market Insight: The sharp sell-off signals significant bearish pressure. $DOGE requires strong buying support to stabilize near $0.2800. Traders should wait for signs of reversal before entering large positions.