DOGE/USDT is trading below a clearly defined descending trendline, showing continued bearish pressure on the 1-hour chart. Price is currently testing the upper boundary of the falling trendline near **0.07040**, where sellers may step in again. The recent structure shows repeated rejection from higher levels and weakness around the resistance zone, keeping the short-term outlook bearish.
If DOGE fails to break and hold above the descending trendline, a move toward the major support zone around **0.06928** is likely. This level is important because buyers have defended it several times. A clean break below **0.06928** could open the way for further downside, while a strong breakout above the trendline would invalidate the bearish setup.
Target: 0.06928
Key Resistance: 0.07040
Bias: Bearish
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