DOGE is looking sluggish at the moment. The downtrend hasn't given any clear signals that it's bottoming out, which means jumping in to buy could backfire on you right now.
If you're watching this chart, keep an eye on those lower support levels — specifically around $0.096 and $0.08. These zones might offer some breathing room where the selling pressure eases up. That said, don't get trigger-happy until DOGE actually shows signs of reversing course and generates a solid bounce off those levels.
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GasFeeBarbecue
· 11h ago
Dogecoin's current market situation is really awkward. I'm also waiting for a rebound signal... As long as the support level at 0.08 isn't broken, there's still hope.
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AirdropHarvester
· 11h ago
Wait a minute, can this 0.08 really hold? It feels like it will continue to drop.
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CountdownToBroke
· 11h ago
Dogecoin this wave really has no bottom, don't rush to buy the dip, brothers
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Wait, can 0.08 really hold? Feels like it will drop further
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Waiting for a rebound signal again, tired of this routine, staying out of the market is more comfortable
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Bankruptcy countdown has started, I think 0.096 is even more uncertain
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Support levels are indeed worth paying attention to, but entering now is really gambling
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Haha, here we go again, waiting for a clear signal... when will that be, the Year of the Monkey?
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Shorting Dogecoin is the right move, this wave isn't over
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Is 0.08 the bottom? I doubt it, it still needs to drop further
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My wallet is crying, DOGE this trash
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StablecoinArbitrageur
· 11h ago
ngl, this reads like the typical "wait for confirmation" narrative everyone parrots. but here's the thing — if you actually backtest the bounce mechanics off these support zones (n=847 historical touches), you're looking at roughly 62% false breakouts. gas fees alone would liquidate most retail positions before we even see that "solid bounce" everyone's praying for.
DOGE is looking sluggish at the moment. The downtrend hasn't given any clear signals that it's bottoming out, which means jumping in to buy could backfire on you right now.
If you're watching this chart, keep an eye on those lower support levels — specifically around $0.096 and $0.08. These zones might offer some breathing room where the selling pressure eases up. That said, don't get trigger-happy until DOGE actually shows signs of reversing course and generates a solid bounce off those levels.