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.
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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Create strategies, explore thousands of TradingView ideas, & backtest at scale across symbols, timeframes, & parameters.
🌐 quanttradingpro.com
💬 Research & discussion: discord.gg/2systG9frc
🌐 quanttradingpro.com
💬 Research & discussion: discord.gg/2systG9frc
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.