Cena Department Of Government Efficiency (doge.ong)DOGE

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Dogecoin ($DOGE) Market Analysis – Breakdown Imminent or Bounce Back to the Box? Current Price: $0.159 (Just below key support) Critical Zone: $0.16 – $0.18 (Ranging Box) Trend: Weakening momentum, possible breakdown ahead Technical Summary: Dogecoin has been range-bound between $0.16 and $0.18, forming a consistent sideways box. Recently, it dipped below the $0.16 support, raising concerns of a trend reversal. Bearish Scenario: If Dogecoin closes two daily candles below $0.16, it confirms a breakdown. Next Targets: $0.10 (psychological support) Possibly $0.08, a long-desired re-entry level for sidelined investors This would mark a strong bearish shift, allowing for short-selling or accumulation at lower levels. Bullish Scenario: If the current price fails to close two consecutive days below $0.16, we may still be within the box. This means DOGE could rebound towards the $0.18 resistance again. Investor Sentiment: Many retail investors FOMO’ed at $0.30–$0.40, and might now be left waiting. If the price drops to $0.08 again, liquidity may be low, as most holders are already stuck at higher levels. Conclusion: Watch for two daily closes below $0.16 – this will confirm the direction. Breakdown = $0.10 or lower. Bounce = $0.18 test. $DOGE

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