$DOGE | OUT OF STEAM OR JUST LOADING FOR THE NEXT MOVE? π
There is still significant overhead supply around $0.095β$0.11, where many holders may be waiting to exit at breakeven. Instead of a sharp pullback, DOGE could potentially consolidate and slowly absorb this selling pressure.
π₯ If DOGE can hold this range for an extended period, it could be building the foundation for another breakout.
History offers an interesting comparison: in 2021, DOGE spent roughly 1β2 months consolidating around $0.05β$0.07 on the 4H chart before eventually making a massive move higher.
π βThe longer the consolidation, the bigger the breakout.β
So what are we seeing now?
π Accumulation before the next leg up?
π Or will DOGE break higher first and consolidate afterward?
πSubscribe on us @cryptottphub
πOur Reddit Channel is here
πSign up & Trade on Binance via here
#Crypto #ETH #BTC #Bitcoin #DOGE #SOL #XRP #HYPE #ZEC #LINK
There is still significant overhead supply around $0.095β$0.11, where many holders may be waiting to exit at breakeven. Instead of a sharp pullback, DOGE could potentially consolidate and slowly absorb this selling pressure.
π₯ If DOGE can hold this range for an extended period, it could be building the foundation for another breakout.
History offers an interesting comparison: in 2021, DOGE spent roughly 1β2 months consolidating around $0.05β$0.07 on the 4H chart before eventually making a massive move higher.
π βThe longer the consolidation, the bigger the breakout.β
So what are we seeing now?
π Accumulation before the next leg up?
π Or will DOGE break higher first and consolidate afterward?
πSubscribe on us @cryptottphub
πOur Reddit Channel is here
πSign up & Trade on Binance via here
#Crypto #ETH #BTC #Bitcoin #DOGE #SOL #XRP #HYPE #ZEC #LINK