๐จ$DOGE DOGE/USDT ALERT: Massive Spike Followed by Correction โ Whatโs Next? ๐จ
DOGE hit a local high of $0.4800, rallying strongly before retracing to its current level of $0.4078, showing a -3.71% dip. The market sentiment remains mixedโare we looking at a consolidation phase or more downside?
๐ก Key Levels to Watch:
Resistance: $0.4800 โ Breaking above this level could spark another rally, targeting $0.50 and beyond.
Support: $0.3600 โ A failure to hold above this zone may result in a deeper correction toward $0.30.
๐ Bearish Outlook: If DOGE struggles to regain momentum, a pullback toward $0.36 or even lower could be on the cards.
๐ Bullish Outlook: Reclaiming $0.48 could trigger a new wave of buying interest, propelling DOGE towards the next psychological barrier at $0.50.
๐ก Trading Insight: The price action suggests caution. Watch for volume spikes and confirmed breakouts before entering. Manage your risks!