Hello everyone, DOGE/USDT has just slipped from 0.228 to 0.224 and is now trading around 0.2277, reflecting a corrective move after the recent strong rally.
The main driver comes from the broader crypto market, which is currently experiencing profit-taking after gains in Bitcoin and major altcoins, leading to selling pressure on Dogecoin. At the same time, macroeconomic factors are also weighing heavily: investor caution around the Federal Reserve’s monetary policy, USD interest rates, and regulatory announcements in the crypto space have all shifted market sentiment to a more defensive stance, contributing to DOGE’s pullback.
Additionally, previous Fair Value Gaps (FVG) left imbalances that, once retested, can generate short-term selling pressure.
Against this backdrop, bearish momentum remains dominant for DOGE. It is highly likely that DOGE will move down to retest support at 0.22000 USD. If buying interest fails to hold this level, a deeper decline towards 0.21000 USD or even lower cannot be ruled out, highlighting the strong influence of macro news and overall market trends on Dogecoin in the short term.
The main driver comes from the broader crypto market, which is currently experiencing profit-taking after gains in Bitcoin and major altcoins, leading to selling pressure on Dogecoin. At the same time, macroeconomic factors are also weighing heavily: investor caution around the Federal Reserve’s monetary policy, USD interest rates, and regulatory announcements in the crypto space have all shifted market sentiment to a more defensive stance, contributing to DOGE’s pullback.
Additionally, previous Fair Value Gaps (FVG) left imbalances that, once retested, can generate short-term selling pressure.
Against this backdrop, bearish momentum remains dominant for DOGE. It is highly likely that DOGE will move down to retest support at 0.22000 USD. If buying interest fails to hold this level, a deeper decline towards 0.21000 USD or even lower cannot be ruled out, highlighting the strong influence of macro news and overall market trends on Dogecoin in the short term.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.