Friday’s crash took DOGE below two key support zones —
first, the ascending trendline around 0.23,
and then the horizontal support near 0.21.
After the drop, DOGE attempted a recovery that only brought it back to retest the broken 0.21 level, which has now turned into resistance. The price has since started to roll back down.
At this stage, if the negative sentiment across the crypto market continues, the probability of a deeper correction remains high — with the next significant target around 0.15.
Only a sustained move above 0.21 would neutralize this bearish scenario and open the path for a potential rebound.
first, the ascending trendline around 0.23,
and then the horizontal support near 0.21.
After the drop, DOGE attempted a recovery that only brought it back to retest the broken 0.21 level, which has now turned into resistance. The price has since started to roll back down.
At this stage, if the negative sentiment across the crypto market continues, the probability of a deeper correction remains high — with the next significant target around 0.15.
Only a sustained move above 0.21 would neutralize this bearish scenario and open the path for a potential rebound.
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🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎Get Funded Up to $1 Million with SabioTrade
Use my exclusive link and get 30% OFF your challenge.
👉shorturl.at/b5yyz
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎Get Funded Up to $1 Million with SabioTrade
Use my exclusive link and get 30% OFF your challenge.
👉shorturl.at/b5yyz
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.