$DOGE /USDT — Long Downtrend, Base Formation in Progress
DOGE is trading around $0.137, still ~46% down from its recent high near $0.30. The daily chart clearly shows a strong bearish trend with consistent lower highs and lower lows followed by a slow consolidation phase.
🔍 Chart Insights
Major breakdown occurred in October shifting market control to sellers
Price has been compressing between $0.13–0.15, indicating seller exhaustion
Volatility has dropped → market is waiting for direction
🔑 Key Levels
Support: $0.13 → $0.095 (major liquidity below)
Resistance: $0.15 → $0.18 → $0.20
📌 Scenarios
📈 Bullish:
Daily close above $0.15 could trigger a relief move toward $0.18–0.20
📉 Bearish:
Loss of $0.13 opens downside liquidity toward $0.10–0.095
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💡 Final Take
This is not a hype phase — it’s a patience phase DOGE needs a structure break not hope Smart traders watch levels not emotions
