$DOGE Short idea still getting attention 👀
Dogecoin is once again under pressure as price revisits the $0.06 zone. A few days ago the market pushed it above $0.10, but traders who took shorts near the top already caught a nice move down.
One of the biggest concerns with Dogecoin is its inflationary supply.
Right now circulation is around 152B coins, and roughly 5B new coins are added every year through mining rewards. That means constant new supply entering the market — with no maximum cap.
While the meme hype keeps it alive, real adoption is still limited. Many traders argue that the payment narrative hasn’t translated into strong demand, which keeps pressure on price over the long term.
For now, some traders are still looking at the $0.06 area as a key level. If momentum stays weak, shorts may continue leaning on it 📉
But remember — meme coins like Doge can move very fast and irrationally, especially when hype returns or when influencers like Elon Musk tweet about it 🚀🐕
#DOGEShort #CryptoTrading #MemeCoin #Bearish #AltcoinMoves $DEGO $AKT