🔥 Market Update: DOGE Hits Critical Support

Dogecoin slid 5.5% to $0.1730, breaking below the crucial $0.1720 level as heavy selling dominated U.S. hours. Price action now shows a clear lower-high + lower-low formation, signaling sustained bearish momentum.

Key Levels to Watch:

🔸 Support: $0.1719 → $0.17 (current make-or-break zone)

🔸 If broken: $0.1650–$0.1600 (weekly 200-EMA + major structural support)

🔸 Resistance: $0.1789 (failed reclaim triggered the breakdown)

What’s next?

• RSI near 38 = slightly oversold, but not capitulation

• Order-flow shows systematic de-risking, not panic

• Volume is cooling → potential for short-term relief bounce if sellers fade

DOGE traders are watching the $0.17 handle closely — lose it, and the next leg down opens quickly. ⚠️