Technical analysis by paper_Trader1775 about Symbol DOGE on 6/5/2025

Price was moving in an upward parallel channel. But price has declined and is consolidating on the outskirts of that channel between 0.1973 and 0.1868. A breach below this consolidaton can possibly send prices to the 0.181 region. On the otherhand, bullish action out of the channel could possibly lead to price action to the 0.21 zone. Please be mindful of fake outs and liquidation.