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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Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
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
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.