Usman Salis
⬤ Dogecoin (DOGE) made a quick run above $0.13 before immediately reversing course and dropping back down. The move played out like a textbook pump-and-dump pattern where price shoots up, catches some liquidations, then flips direction fast. After touching above $0.13, DOGE slid back to around $0.128, giving up pretty much all the gains it had just made.
⬤ Looking at the chart, you can see Dogecoin bumping into the $0.13–$0.134 zone, which has been acting like a wall lately. That's where previous attempts to push higher have gotten shut down. Once the rejection happened, price started dropping with back-to-back red candles showing sellers taking control. Volume picked up both on the way up and on the way down, which tells you there was plenty of action happening in both directions.
The chart shows a familiar short-term pattern where price accelerates upward, triggers liquidations, and then reverses sharply.
⬤ The whole session was pretty wild, with strong green candles followed by a quick reversal. After failing to stay above resistance, Dogecoin drifted back to the mid-$0.12 area where it's been hanging out recently. The fact that it reversed so fast suggests buyers weren't strong enough to keep pushing once it got past $0.13.
⬤ Dogecoin's struggle to stay above $0.13 shows just how shaky things are right now. These quick spikes followed by immediate reversals create choppy conditions that make it tough for any real trend to develop. As DOGE keeps bouncing around in this tight range, how it reacts at these key levels will probably keep driving price action in the near term.
Usman Salis
