DOGEUSDT is trading around 0.0697 USDT after failing to hold the 0.0700 level and continuing to move within a bearish channel on the 1-hour (H1) chart.
While the macroeconomic outlook has become less negative, DOGE remains sluggish and has yet to reclaim the $0.070 mark—indicating limited buying interest. FXStreet also notes that DOGE remains within a broader downtrend, despite recent buying activity from large wallets.
On the H1 timeframe, the 0.0702–0.0705 USDT zone represents a confluence of the EMA34/EMA89 and the bearish channel's resistance. If the price faces rejection here, I lean towards the scenario of DOGE dropping to 0.0683 USDT.
The market is currently awaiting US Retail Sales data, so volatility in the crypto space persists.
While the macroeconomic outlook has become less negative, DOGE remains sluggish and has yet to reclaim the $0.070 mark—indicating limited buying interest. FXStreet also notes that DOGE remains within a broader downtrend, despite recent buying activity from large wallets.
On the H1 timeframe, the 0.0702–0.0705 USDT zone represents a confluence of the EMA34/EMA89 and the bearish channel's resistance. If the price faces rejection here, I lean towards the scenario of DOGE dropping to 0.0683 USDT.
The market is currently awaiting US Retail Sales data, so volatility in the crypto space persists.
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