DOGEUSDT - Pressure to break through support is mounting

[madtrader]

Volumes are declining, and the altcoin is being pushed down toward the 0.0878 support level. Consolidation could trigger a sell-off if support is broken, leading to a downward rally.

Downtrend; the altcoin is under selling pressure (lack of interested buyers). Volatility is decreasing, and the price is contracting toward the lower boundary of the consolidation range.

Scenario: consolidation may continue for some time, but another test of the 0.08783 support level could trigger a breakout and further decline. The altcoin is not ready for growth (barring unforeseen circumstances).

[bonk]

repeated tests of support like 0.0878 tend to weaken it over time, so another retest could actually increase the probability of a breakdown

[lingriiddd]

@madtrader repeated tests of 0.0878 increase the probability of a breakdown rather than a bounce