DOGE/USDT: Recovery Attempt or Another Rejection?
Dogecoin is trading around $0.0851, trying to stabilize after a prolonged weekly downtrend. Price has recovered from the $0.06757 low, but the latest candles suggest that buyers are struggling to push through overhead resistance.
📊 Weekly Technical Breakdown
🔹 Current Price: $0.08514
🔹 Immediate Support: $0.082–$0.084
🔹 Major Support: $0.075
🔹 Critical Support: $0.0676
🔹 Immediate Resistance: $0.0895–$0.093
🔹 Major Resistance: $0.109–$0.119
What matters next?
DOGE is hovering near its short-term moving averages, while the weekly Supertrend remains bearish around $0.109. RSI is near 48, indicating relatively neutral momentum rather than a confirmed bullish reversal.
A sustained weekly reclaim above $0.093, supported by strong buying volume, would be the first sign of improving structure. A stronger recovery would require DOGE to challenge the $0.109–$0.119 resistance zone.
On the downside, losing $0.082 could weaken the current base and expose $0.075. A break below $0.0676 would put the broader recovery attempt at risk.
Maverick Alpha Verdict: NO TRADE — WAIT FOR CONFIRMATION.
The chart offers potential, but potential is not confirmation. Let price reclaim resistance before chasing a move, and watch how buyers respond at support.
#DOGE #dogecoin
