Liquidity was absorbed during the recent selloff, followed by consolidation and reduced downside momentum. Holding above this developing support zone would confirm a structure shift, paving the way for continuation toward higher supply levels.
Philip Wei of DBS Research Group notes that the Japanese yen, previously Asia’s worst-performing currency, has stabilized following Prime Minister Sanae Takaichi’s landslide victory in the snap election. Markets may have overestimated the risks of Japanese government bonds while underestimating fiscal stimulus effects on re-inflation. Expectations of a Bank of Japan rate hike in April versus a Fed cut in June also support a steadier yen outlook.
The USD/JPY pair fell from the top of its three-year range (160–140) after Takaichi’s win. Japan’s major banks are reportedly ready to increase holdings of government bonds, and markets are factoring in the upcoming monetary policy moves.
Weak hands are cleared, liquidity is in place, and the setup is perfect for a parabolic surge. Momentum is building — the next few hours could be decisive. Position carefully or risk missing out!
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Dogecoin is showing short-term bearish pressure, trading near $0.1010 after slipping below the $0.11 psychological level. The market is oscillating around a neutral zone, with potential for either a small relief bounce or continuation downward.
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Key Technical Levels
Level Price (USD) Notes Resistance 3 $0.1335 Major barrier; requires broad market strength to reach. Resistance 2 $0.1205 Short-term bullish target. Resistance 1 $0.1088 Immediate hurdle; breaking above flips sentiment bullish. Current Price ~$0.1010 Neutral zone — indecision phase. Support 1 $0.0986 Critical local floor; break triggers further downside. Support 2 $0.0880 Historical demand zone. Support 3 $0.0800 Long-term “do or die” support.
Bearish Scenario — Current Trend Continues • Entry: Short if price fails at $0.1050 or breaks below $0.0986 • TP: 0.0920 – 0.0880 • SL: 0.1095
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Technical Notes • RSI: 36–45 → Neutral to slightly oversold; minor bounce to ~$0.1080 possible. • Moving Averages: Trading below 50-day EMA ($0.1174), confirming bears are in control.