$DOGE Falls to a Decision Zone—Can $0.20 Hold or Break?
$DOGE is testing key support near $0.20 after a series of consecutive bearish candlesticks. Despite a year-long rally exceeding 60%, the short-term structure is rapidly breaking down, especially given the recent 14% drop over seven days.
What's Next?
If DOGE holds above $0.2000, we could see a short-term rally to $0.2150-$0.2200.
A break below $0.2000 could trigger a rapid decline towards $0.1880 or even $0.1750.
The market structure shows lower highs and lower lows, indicating that bears remain dominant.
Short Trade Setup
Entry Point: 0.2070 – 0.2090
Stop Loss: 0.2155
Target 1: 0.1980
Target 2: 0.1880
Target 3: 0.1750
The market is currently at a critical level. A break below 0.2000 could turn the momentum sharply bearish. If this level holds, Dogecoin could attempt a short-term rebound. Keep a close eye on volume.