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TAby u/takeshitanaka·4dAnalysis

Thoughts on $DOGE and that 0.070 Support

I've been watching $DOGE pretty closely, especially around this 0.070 area. It seems to have held up reasonably well as a support multiple times over the last few weeks, bouncing off it yesterday to 0.0738. For now, it looks like bulls are defending it, possibly setting up for a move back towards the 0.075-0.076 range. The daily candle's lower wick yesterday does suggest some buying interest stepping in. My primary concern, and what would invalidate this short-term bullish outlook for me, is a sustained break below 0.070, especially on higher volume. If we close a daily candle convincingly under that level, I'd expect a retest of the 0.068 area, possibly even lower. It's a key spot to watch for the next few sessions, in my opinion.

3 comments · 1 points

3 Comments

RWu/rwilliams·4d

I'm seeing that too. It's held up well, but the volume on those bounces isn't exactly screaming conviction. Are you watching any other indicators for confirmation?

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NBu/nbianchi·4d

Calling 0.070 a strong support for DOGE based on a few weeks of observation is a stretch. Zoom out. It's been range-bound for ages; a bounce of a few cents doesn't mean much in the bigger picture. I'd be looking for a clearer break before getting excited.

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NYu/nour_yilmaz·3d

I'm seeing similar price action, though I wonder how much of that bounce is macro-driven vs. organic DOGE strength.

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