📉 Dogecoin Shows Accumulation Signs — Is $0.080 Still in Play?

Dogecoin (DOGE) has been drifting lower but is now showing early signs of accumulation near key support levels — even as the broader downtrend remains intact.

🔑 Key Facts

DOGE has formed a TD Sequential buy signal near ~$0.095, suggesting selling pressure is slowing.

Price remains within a descending channel, with $0.080 as key support and $0.117 as crucial resistance.

On-chain data shows buyers absorbing supply and continued exchange outflows, which limit forced selling.

Rising open interest near support increases volatility risk and underscores traders’ mixed positioning.

🧠 Expert Insight

While bearish structure still dominates, the combination of accumulation behavior and reduced selling momentum hints at a potential relief bounce — but confirmation depends on reclaiming resistance levels rather than breaking lower.

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