DOGE is lingering in the "brake zone" at the bottom of the cloud: the key monthly support must hold steady! 🐶☁️
#DOGE is slowly moving along the bottom of the monthly Ichimoku cloud, with prices around 0.14 dollars, clearly below Tenkan and Kijun, and right at the edge of the cloud bottom. Analyst cantonmeow describes it as "licking the Ichimoku cloud bottom"—sounds easy, but the position is indeed dangerous.
The monthly cloud bottom support falls in the range of 0.12–0.14 dollars. As long as the monthly close holds here, the long-term structure can still be viewed as a "major bottom formation," rather than a complete collapse. However, if it breaks down, it may enter a deeper trend destruction zone.
The weekly line is also oscillating in a critical range: the 0.135–0.145 dollars red support zone is still holding, but DOGE has clearly lost the past upward trend line, while being pressed below multiple moving averages. The current trend is caught between the "upper supply zone" and the "lower support zone," with market sentiment tense.
👉 In short: 0.12–0.14 dollars is DOGE's life-and-death zone. Holding = structural bottom; losing = opens up vacuum drop space.
