DOGE is trading around support level—will it break out or break down next?



On the 2-hour chart, DOGEUSDT is trading within a descending triangle pattern, showing lower highs and solid support around 0.090 to 0.091. Right now, the price is sitting at this support level, making it a crucial point to watch.

The momentum appears weak and mostly sideways. Buyers have managed to keep the price at this level, but there isn’t a strong upward push yet.

If the price stays above 0.090 and breaks the trendline near 0.095, it could rally toward the 0.100 to 0.104 range. On the other hand, if the support breaks, the price may fall quickly toward 0.088 and possibly down to 0.085.

In conclusion, the price is squeezed near support, and a breakout seems likely soon. Which way it goes depends on whether the support holds or gives way, though the current pattern leans a bit toward a downside move unless the price can climb back above 0.095.

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$DOGE
DOGE1,35%
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