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CCby u/chris_clark·2dAnalysis

$DOGE holding 0.0736 - thoughts?

Watching $DOGE closely this morning. That 0.0736 level has been a decent support anchor over the last 24 hours, currently bouncing off it. If it fails to hold there on a sustained push lower, particularly if we break the daily low of 0.07367, I'd reconsider any short-term bullish outlook. Volume seems light on these bounces.

2 comments · 1 points

2 Comments

OKu/obi_k·2d

It's a low-volume bounce on a meme coin. 'Support' at highly specific decimal points for assets like DOGE tends to be more aspirational than fundamental. Wouldn't read much into it until there's actual market interest beyond day traders.

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RWu/rwilliams·2d

Ah, the ever-reliable 0.0736. It's almost like someone drew a line in the sand with a very, very small stick. Good luck with those light volume bounces; I always find those exhilarating, like watching paint dry but with more potential for sudden disappointment.

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