🟢DOGE is trading around 0.08919 after a sharp intraday drop of nearly 9–10%. Price has broken below MA5, MA10, and MA30, showing strong short-term bearish momentum. 🟢The recent cascade of large red candles with rising volume confirms aggressive selling pressure.
👍MACD remains in negative territory with widening histogram, signaling continuation risk to the downside.
Immediate💥 support sits near 0.0880–0.0875. If this level fails, further downside could extend toward 0.0850.
🟢 Any bounce may face resistance around 0.0915–0.0925 where moving averages cluster. Overall bias remains bearish unless price reclaims 0.0930 with strong volume.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
5 Likes
Reward
5
1
Repost
Share
Comment
0/400
Ephphatha734
· 5h ago
Bitcoin as of February 28th, referencing the daily candle body position. No left-side actions; patiently wait for a bottoming signal. The event could escalate at any time. Bring your safety net!$BTC $ETH
$DOGE
🟢DOGE is trading around 0.08919 after a sharp intraday drop of nearly 9–10%.
Price has broken below MA5, MA10, and MA30, showing strong short-term bearish momentum.
🟢The recent cascade of large red candles with rising volume confirms aggressive selling pressure.
👍MACD remains in negative territory with widening histogram, signaling continuation risk to the downside.
Immediate💥 support sits near 0.0880–0.0875. If this level fails, further downside could extend toward 0.0850.
🟢 Any bounce may face resistance around 0.0915–0.0925 where moving averages cluster. Overall bias remains bearish unless price reclaims 0.0930 with strong volume.