Dogecoin is approaching a major supply zone around $0.251, and bulls are showing signs of hesitation. After weeks of sideways chop, price has surged back into a well-tested resistance zone. Could this be the top before a sharp pullback?
Key Technical Zones:
Resistance/Supply: $0.245 – $0.251 (Heavy seller activity)
Key Support: $0.210 – If this breaks, expect acceleration.
Demand Zone: $0.178 – $0.185 – The last area of strong buyer defense.
Potential Setup:
Rejection at $0.251 = Short opportunity.
Break below $0.210 = Confirmation of bearish momentum.
Targeting $0.178 on sustained downside pressure.
Context:
RSI approaching overbought territory.
Historical rejection from this supply area.
U.S. economic calendar (see bottom of chart) could trigger volatility.
Bias: Bearish near-term unless DOGE closes firmly above $0.251.
DOGE Army or Smart Shorts – who wins this level?
Comment your take and let’s discuss the next move!
#DOGE #DOGEUSD #Dogecoin #CryptoAnalysis #Altcoins #TradingView #SupplyAndDemand #TechnicalAnalysis #CryptoTraders
Key Technical Zones:
Resistance/Supply: $0.245 – $0.251 (Heavy seller activity)
Key Support: $0.210 – If this breaks, expect acceleration.
Demand Zone: $0.178 – $0.185 – The last area of strong buyer defense.
Potential Setup:
Rejection at $0.251 = Short opportunity.
Break below $0.210 = Confirmation of bearish momentum.
Targeting $0.178 on sustained downside pressure.
Context:
RSI approaching overbought territory.
Historical rejection from this supply area.
U.S. economic calendar (see bottom of chart) could trigger volatility.
Bias: Bearish near-term unless DOGE closes firmly above $0.251.
DOGE Army or Smart Shorts – who wins this level?
Comment your take and let’s discuss the next move!
#DOGE #DOGEUSD #Dogecoin #CryptoAnalysis #Altcoins #TradingView #SupplyAndDemand #TechnicalAnalysis #CryptoTraders
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