#DOOD The market structure is still showing a bearish trend following the critical breakdown of the long-term uptrend line. Since losing that support, every recovery attempt has been capped by the descending trend line, confirming that the bears are firmly in control of the overall direction.
The repeated rejection from this dynamic resistance has gradually weakened the bullish momentum and pushed the price towards lower levels. As long as the descending trend line remains intact, the path of least resistance continues to favor the bearish trend.
The immediate focus is on the next expected support level, which represents the closest zone that prices may try to stabilize in. However, if selling pressure continues and this level fails to attract meaningful demand, the market may extend its decline towards a deeper accumulation zone marked as the last expected target.
In trending markets, respecting the prevailing direction is often more critical than predicting reversals. Right now, DOOD is still on the charts as bears continue to enforce the narrative.
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