Must-watch for DOGE! What amazing secrets are hidden at the key point of $0.196? Traders absolutely cannot miss out!

Recently, DOGE has fallen from a high of $0.25, and short-term technical indicators show that market sentiment is bearish. However, the liquidation heat map suggests that a small rebound may occur in the coming days✨.
Speaking of resistance levels, $0.285 is still a major hurdle. It was tested multiple times as a pressure point back in February this year, and it seems that breaking through this time will require some effort.
At the same time, the trend of Bitcoin has also had a significant impact on the market. Although the BTC price has fluctuated between $116,700 and $122,000, the selling pressure in the last 24 hours has caused it to fall below the lower end of this range.
Even so, DOGE's performance has been relatively weak, and the 0.25 dollar support that the bulls originally wanted to hold could not withstand the pressure and was easily broken by the market.
Currently, $0.196 has become the next key price target for DOGE. This mid-range price level is likely to be the area of focus for the market going forward, and whether it can stabilize here will determine the size of the subsequent rebound.
Overall, although there is strong bearish sentiment in the short term, the market still has a chance to experience a rebound due to the recovery of technical and funding aspects.
DOGE traders may want to closely monitor the dynamics around $0.196 for potential reversal signals!
Technical indicators give a bearish prediction for DOGE's trend.
Source: DOGE/USDT on TradingView
[DOGE latest range revealed: $0.196 is the key support, and the bears are eyeing it!]
The price range of DOGE (狗狗币) is currently expanding from $0.142 to $0.25, with the midpoint around $0.196, which is well protected by the 50-period moving average, forming a relatively solid support level 💪.
However, last week it failed to hold the support at $0.25, which sounded the alarm for the market⚠️. This also reflects the gradually strengthening bearish forces and a cautious market sentiment.
From the perspective of technical indicators, the OBV (On-Balance Volume) has reached a new low, indicating an intensification of capital outflow; while the RSI (Relative Strength Index) has also fallen below the neutral 50 line, suggesting a weakening of bullish momentum and a dominance of bears.
If the price falls below $0.195, this will be a very clear sell signal, indicating that the next support target may retreat to around the bottom of the range at $0.142📉. This is particularly important for swing traders, reminding everyone to patiently wait for opportunities before the market becomes clearer, rather than blindly opening short positions.
In summary, DOGE is currently at a critical decision point, with clear support and resistance levels. How the price will move next will depend heavily on market sentiment and technical indicators. Exercise caution while trading and pay attention to the performance of the "lifeline" at $0.196!
Source: Coinglass
🔥【Two-Week Liquidation Heatmap Revealed: DOGE Key Liquidity Points Exposed!】
The liquidation heat map from the past two weeks shows that there is a significant amount of liquidity for DOGE below $0.2, indicating that this price range holds a lot of buying and selling chips 💰. In the northern price area, $0.227 and $0.25 are two super key "magnetic zones" 🧲 that easily attract market attention and capital influx.
This also explains why, although the bears currently have the upper hand, the price may still be lifted back up in the coming days📈. Simply put, liquidity accumulation zones are often places where the market is likely to experience a rebound, and traders should pay attention to the dynamics of these key price levels!
Short-term trading advice: Don't just focus on the decline, pay attention to these liquidity nodes, as there may be a rebound opportunity just around the corner!
Source: Coinglass
📈[Bitcoin stabilizes, is a DOGE rebound on the horizon? Watch these key points!]
If Bitcoin can hold the important support level of $116,700, the price rebound potential of DOGE will be greatly enhanced 🔥. The liquidation heat map for the last 3 days shows that DOGE is expected to rebound to around $0.23, which is good news for short-term traders!
However, the performance of DOGE is actually closely related to Bitcoin, as the movement of BTC often determines whether DOGE can successfully rebound. Therefore, friends who want to bet on DOGE, don't forget to keep an eye on Bitcoin's market trends!👀
For long-term investors, last week's seemingly breakthrough "false move" might have been a bit disappointing, but falling back to the lower end of the range actually provided a good opportunity to add to positions, after all, buying low is the way to go 😉.
In summary, a short-term rebound is expected, but it largely depends on Bitcoin's performance. Seize the opportunity, and perhaps the next wave of increase is just around the corner!