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