Everyone’s calling DOGE dead around $0.09, which makes sense from a sentiment point of view, but the price action looks a bit more nuanced.

Everyone’s calling DOGE dead around $0.09, which makes sense from a sentiment point of view, but the price action looks a bit more nuanced.

It’s been sitting in a really tight range, just coiling around that level. Usually when things compress like this, it’s less about slow bleed and more about building up for a sharper move.

The key thing is that $0.09 keeps getting tested and hasn’t broken yet, but it’s also not bouncing hard either. Feels like pressure is building both ways.

If it loses that level, I’d expect a quick move lower, but if it breaks up, the move could be just as fast in the other direction.

So I’m curious do you see this as a setup for a breakout, or just a weak level that’s about to give way?

submitted by /u/Crypto_future_V to r/btc
[link] [comments]
Quelle: bitcoin-en