🐶 DOGE: Another Manipulation or Growth? 🚀
What to Expect Next?
🔍 Market Overview
DOGEUSDT is currently in the distribution phase, aiming for a critical resistance level at 0.11546. The global and local trend remains bearish, showing no signs of a breakout yet. However, a contrend rally is beginning to take shape.
📉 Bearish Sentiment
On the H4 chart, the sideways range plays a significant role. The last time we tested 0.11546 was exactly one month ago. Given the strong movement, the potential for breaking this level seems low. The most probable scenario is either a rebound or a false breakdown, likely leading to a correction.
💡 Possible Scenarios
The structure may change if we see no pullback, or if DOGE starts forming consolidation near 0.11546 with signs of resistance retesting, indicating readiness for a higher move.
📊 Key Levels
• Resistance Level: 0.11546
• Support Levels: 0.11099, 0.107, 0.103
⚠️ Caution Ahead
Currently, DOGE lacks strong trader interest due to high manipulation by major players. In this global bearish trend, it’s wise to focus on robust resistance levels to catch potential bounces.
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