Usman Salis
⬤ Dogecoin (DOGE/USD) is holding just above $0.12 after sliding from highs above $0.25 earlier this year. Market watchers are now focusing on the $0.091 level as a zone where stronger buying interest might show up. Charts reveal DOGE moving lower within a bearish pattern, with horizontal support lining up near that price point.
⬤ The $0.091 area matches spots where DOGE previously found its footing, which explains why traders are keeping it on their radar. With current prices around $0.123, that support sits roughly 25% below where DOGE is trading now.
⬤ The market mood suggests people are being patient rather than rushing in, possibly waiting for a deeper pullback before making moves. DOGE remains one of the choppier large-cap cryptos, and when price approaches these technical zones, both quick traders and long-term holders tend to pay attention.
⬤ If DOGE does drop to $0.091, how it behaves there could signal whether the downtrend is running out of steam or still has legs. For now, the market seems to be in wait-and-see mode, watching closely to see if that support level comes into play.
Usman Salis
