#DOGE at a Pivotal Trendline – Bounce or Breakdown?
#DOGE is definitely at a critical point right now, sitting on this trendline. A break below it could send the price down to the red box at 0.30-0.28 levels.
That said, I’m leaning towards a solid bounce here. RSI and Stoch are extremely oversold across MTFs (D, H4, H1), which hints at a recovery. But let’s be real—what happens next largely depends on #BTC.
On the bright side, USDT dominance is already showing signs of rejection, which is a good sign. It might head back to levels like 3.97–3.93/3.92, clearing the gap and potentially giving
DOGE a boost. We could see it climb back to 0.38 (where the H4 POC is) or at least cover the FVG around 0.35.
Overall sentiment is looking good too, with a 30.34% bullish market outlook on the daily TF.
Let’s see how this plays out.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a professional financial advisor before making any investment or trading decisions. Trading involves significant risk, and you may lose more than your initial investment. Past performance is not indicative of future results. Trade responsibly.
That said, I’m leaning towards a solid bounce here. RSI and Stoch are extremely oversold across MTFs (D, H4, H1), which hints at a recovery. But let’s be real—what happens next largely depends on #BTC.
On the bright side, USDT dominance is already showing signs of rejection, which is a good sign. It might head back to levels like 3.97–3.93/3.92, clearing the gap and potentially giving
DOGE a boost. We could see it climb back to 0.38 (where the H4 POC is) or at least cover the FVG around 0.35.Overall sentiment is looking good too, with a 30.34% bullish market outlook on the daily TF.
Let’s see how this plays out.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a professional financial advisor before making any investment or trading decisions. Trading involves significant risk, and you may lose more than your initial investment. Past performance is not indicative of future results. Trade responsibly.
Disclaimer
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