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$DOGE (Dogecoin) Technical Analysis: Consolidating Near Daily Lows 📉
Entry Zone: $0.0903 – $0.0910
Bullish Above: $0.0945
Target 1 (TP1): $0.0935
Target 2 (TP2): $0.0952
Target 3 (TP3): $0.0980+
Stop Loss (SL): $0.0895
$DOGE is currently showing signs of short-term weakness on the 4H chart, trading at $0.09135 with a daily decline of -2.79%. The price action reveals a series of lower highs, with the asset currently hovering just above its 24h low of $0.09028. After failing to sustain momentum above the 24h high of $0.09432, $DOGE is entering a defensive phase as it tests the strength of its immediate support level.
The 24h trading volume remains significant at 758.34M DOGE, totaling approximately $69.30M USDT. This indicates that despite the price drop, liquidity remains high and traders are actively monitoring the current support zone. For a potential trend reversal, $DOGE needs to reclaim the $0.0925 level; otherwise, a break below $0.0900 could lead to further downside exploration.
#DOGE #Dogecoin #OilEdgesHigher