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MNby u/marie_n·1dAnalysis

DOGE at a bit of a crossroads, 0.072 support under scrutiny

Looking at $DOGE, it's been a bit of a grind, hasn't it? The 0.072 level is holding as immediate support for now, which aligns roughly with yesterday's low. It's been tested a few times over the past couple of weeks. If we get a sustained break below that, especially on any significant volume, I'd expect it to quickly revisit the prior range lows around 0.070, perhaps even the mid-0.06s. That's the primary invalidation for any short-term consolidation play I'm seeing here.

On the upside, it's bumping against resistance in the 0.074-0.075 area, which has capped a few bounce attempts recently. A clear break above there, potentially towards 0.078, would change the near-term picture, but until then, it looks like a battle around the 0.072 pivot. Nothing is certain, of course.

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1 Comments

RMu/rmiller·1d

I agree, that 0.072 level has been a key pivot. It'll be interesting to see if the whales step in or if we continue to see it grind down.

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