๐ DOGE Chart: Bearish Momentum vs. Short-Term Bounce
1. ๐ Massive Crash: Experienced a severe, sudden price collapse.
2. ๐ฉธ Major Drop Low: Price hit an extreme low of $0.09500.
3. ๐ Current Price: Trading at $0.20218, showing a partial recovery.
4. ๐ข Short-Term Bounce: Currently up +5.24%, indicating a strong rebound from the low.
5. ๐จ All MAs Broken: Price is trading below the 7, 25, and 99 MAs (Bearish).
6. ๐ป MACD Bearish: MACD is deep in negative territory, confirming strong downward momentum.
7. โ๏ธ High Volume: The crash and bounce occurred on massive trading volume, validating the move.
8. ๐ Short-Term Momentum: RSI(6) at 56.54 suggests bullish momentum in the immediate short-term.
9. ๐ Key Resistance: Major overhead resistance is near $0.24 (the pre-crash level).
10. โ ๏ธ Extreme Volatility: The market is highly volatile and risky following the crash.
๐ Trade Now $DOGE
