DOGE Price Wicks Below Key Support — Fakeout or Start of Larger Correction?
CoinDesk
Dogecoin briefly broke critical support at $0.1350 on high volume before rebounding, signaling a volatile battle between sellers and buyers.Summary
Dogecoin experienced a volatile session, breaking below the critical $0.1350 support level on a massive 180% surge in sell volume, hitting an intraday low of $0.1322. This breakdown suggested a bearish reversal, but buyers quickly stepped in, leading to a rapid rebound and signs of a potential double-bottom attempt. Technical analysis shows that while the breakdown was textbook, the recovery complicates the outlook. For a decisive bullish shift, DOGE must reclaim and close above the layered resistance zone between $0.1362 and $0.1386. Failure to do so keeps the broader structure bearish, with $0.1322 serving as the next critical support level.
(Source：CoinDesk)