The bears, those elusive creatures of the weekend, have once again taken the reins, according to CoinStats. Ah, how the markets love to tease us.
DOGE/USD
The price of DOGE has fallen by 5.75% since yesterday. It’s almost as if the currency had an existential crisis overnight. Oh, the drama!
Despite today’s gloomy descent, the price of DOGE has dared to almost test the local resistance of $0.1945. Could it be that a surge is coming? Who knows, maybe the bulls will wake up from their nap. If they do, there might just be enough pressure to break through and push DOGE to the glorious $0.20 range. Fingers crossed, folks. 🙏
Looking at the bigger picture—don’t worry, no need for a magnifying glass—traders must pay close attention to yesterday’s candle low. It’s the secret doorway to understanding the future. If a false breakout occurs and the bar closes far away from that low, brace yourselves. A bounce back to the $0.20-$0.21 area could happen soon. A spectacular twist in the plot.
As we look toward the horizon, there are no signs of a reversal. Yet. But keep an eye on it. If this weekly candle closes below $0.20, brace for impact. The correction could descend to the $0.16 mark. Yikes! 😬
At the time of writing, DOGE is dancing around the $0.1912 mark. Enjoy the show while it lasts.
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2025-05-31 17:36