$DOGE Is it really all good news??
$DOGE
Previously tried to surge upward but couldn't hold, directly dropped down, now the price has fallen to nearly 0.0855. Clearly weakening in the short term, after a big bullish candle followed by consecutive big bearish candles pulling back.
• Support: Around 0.0859, if it holds, there will be a volatile rebound; if broken, it opens up deeper downside space.
• Resistance: The first hurdle upward is 0.088-0.089, to regain strength, it needs to stand above this range again.
The short-term decline is very fast, now at the support level, there is a chance for a small rebound, but the overall trend has already turned weak. The rebound is most likely just a correction, with heavy resistance above.
The above is personal opinion, trade cautiously.