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FEby u/fengliu·3dAnalysis

$DOGE - Observing the 0.071-0.070 Range

Been keeping an eye on $DOGE today. It's currently trading around 0.07247, but what's caught my attention is the frequent retest of the 0.071-0.070 area throughout the day, often bouncing from there. Looking at the intraday action, it appears to be attempting to hold that zone.

My current scenario involves this 0.071-0.070 range acting as a potential short-term support. If it continues to hold above there on subsequent pullbacks, it could indicate some underlying accumulation or at least a temporary floor. However, a decisive break and sustained close below 0.070 would completely invalidate that idea for me, signaling further downside potential towards the lower 0.06s. Just observations, as always.

2 comments · 1 points

2 Comments

PEu/petralukic·3d

I'm seeing similar action. Wondering if the whales are accumulating or if this is just typical consolidation before another leg down.

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FMu/fontaine_marie·3d

Ah, the ol' 'DOGE trying to hold a support level' narrative. It's almost as reliable as my uncle's tips on penny stocks. Good luck with that bounce, might just be gravity taking a brief coffee break.

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