Dogecoin (DOGE) is bleeding red, dropping nearly 30% in just 7 days, with a staggering 20.34% loss in the last 24 hours. The sell-off is intensifying, pushing DOGE to $0.28739, its lowest level in weeks. ๐ฑ
Whatโs Happening?
DOGE tumbled from a high of $0.36734 to test the dayโs low of $0.28738, as bearish momentum takes control. This is a critical moment for traders eyeing opportunities amidst the chaos.
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๐ Key Levels to Watch:
Support:
$0.2800: A break below this could open the gates to $0.2600.
Resistance:
$0.3150: Bulls must reclaim this level to attempt any meaningful recovery.
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โก Trade Setup
๐ Entry Point: Around $0.2870 for cautious trades.
๐ฏ Targets:
1๏ธโฃ $0.3150 (short-term resistance)
2๏ธโฃ $0.3450 (major recovery zone)
๐ก๏ธ Risk Management:
Stop-loss: Set at $0.2750 to limit downside risks.
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๐ก Market Insight
The ongoing sell-off highlights intense bearish pressure. DOGE needs strong buying interest to stabilize around the $0.2800 support zone. Wait for confirmation before entering trades to avoid getting caught in further downside.
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๐ฅ Is This a Make-or-Break Moment for DOGE?
With sentiment turning sour, traders are watching closely for any signs of a rebound. Will the bulls step in, or is DOGE heading for deeper lows?
๐ Whatโs your strategy? Comment your thoughts and FOLLOW for more expert market updates!
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