UPDATE DOGEUSDT May 30, 2025, Evening:
---
📉 Current Price: 0.20240
DOGE shows efforts to withstand selling pressure after touching the critical support area of 0.20200.
---
📊 Current Market Conditions:
Price makes a minor higher low above the 0.20200 area.
There is a small ascending trendline from the support area → potential reversal structure if not broken.
Order book: sellers still slightly dominate (52.33%), but bids are starting to strengthen at 0.20242.
Volume tends to be stable, no panic sell spikes.
---
🧭 Direction Scenario:
🟩 Up Scenario (valid bounce from support):
If the price remains above 0.20200 and breaks minor resistance:
Short-term target: 0.20450
Long-term target: 0.20700 (test resistance MA/previous structure)
Confirmation: H1 candle close > 0.20350 with a strong bullish body.
📌 Note: The longer DOGE stays above support, the greater the chances of a short relief rally.
---
🟥 Down Scenario (false bounce and further breakdown):
If the price drops again and H1 candle close < 0.20200:
Target: 0.20000 → 0.19700
Potential panic sell triggered by breakdown from the area that is currently the base of the small structure.
Confirmation: long red candle below the trendline + increased volume.
---
⚠️ Important Note:
The short-term trend remains bearish, this rebound is technical as long as there is no volume breakout.
The 0.20200 area is the decisive zone, do not open positions without candle & volume validation.
Use a tight SL if entering near support (high-risk zone)