$DOGE is attempting a bounce from support near $0.119, but remains trapped in a clear downtrend below all moving averages. The recent green candles show buyers stepping in, yet price faces strong resistance from MA25 at $0.1227 and the descending trendline. This looks like a relief rally in a bearish structure rather than a trend reversal. Proceed with caution.
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$DOGE is attempting a bounce from support near $0.119, but remains trapped in a clear downtrend below all moving averages. The recent green candles show buyers stepping in, yet price faces strong resistance from MA25 at $0.1227 and the descending trendline. This looks like a relief rally in a bearish structure rather than a trend reversal. Proceed with caution.
Targets:
TP1: $0.1245
TP2: $0.1275
TP3: $0.1335
Stop Loss: $0.1180