Dogecoin / TetherUS

DOGE: Final Support Before Breakdown?

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DOGE is retesting a major demand zone that has held since July — the same level that launched the last multi-week rally. But this time, price action looks weaker.

Here’s what stands out:

1️⃣ Price is compressing into a descending trendline
Sellers have controlled every lower high for months. Until DOGE reclaims this trendline, momentum stays bearish.

2️⃣ Blue demand zone = last structure support
This zone has been tapped repeatedly with diminishing bounces. If it fails, liquidity sits much lower and a deeper retracement becomes likely.

3️⃣ Stoch RSI is overbought while price is flat
That’s a classic bearish divergence signal — momentum is cooling while price can’t push upward.

4️⃣ Fibonacci supply zone capped the last rally
The 0.5 → 0.786 retracement zone above has acted as clean rejection structure, confirming sellers are still active on every rally.

📌 Bias:
DOGE needs a strong reaction from this demand zone to avoid a breakdown.
A clean reclaim of the descending trendline would shift momentum bullish.
A close below support opens the door to a much sharper move down.

This is a make-or-break moment for DOGE.

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