Saad Ullah
⬤ Both Bitcoin and Dogecoin are showing fresh weakness, with $DOGE sliding back into what some traders are calling a critical "red box" support zone. The thinking? This pullback might be the final shakeout before a bigger move higher—assuming market makers are done flushing out overleveraged longs.
⬤ The DOGE/USDT 30-minute chart tells the story. After pushing toward $0.175, Dogecoin reversed hard and dropped back to $0.171—a level that's acted as demand support before. The selloff came with rising volume, suggesting traders are repositioning as leverage gets reset. If history repeats, this zone could be a launchpad once volatility settles.
⬤ The bullish case depends on Dogecoin holding the $0.171–$0.168 range. If it breaks below that, the next stop could be $0.165, and the breakout thesis falls apart. A lot also hinges on Bitcoin—if BTC keeps sliding, any DOGE rally attempt will likely stall out.
⬤ Dogecoin is trading around $0.171, down roughly 2% in the last 24 hours. Momentum is mixed, but if it can close above $0.176, that could signal the start of the next leg up. Until then, it's a waiting game to see if support holds or cracks.
Saad Ullah
