Technical analysis by trading_mura about Symbol DOGE on 8/6/2025

At the moment, we can see that the price failed to break above the weekly pivot point at 0.2119 early in the week and has since entered a correction. Currently, it’s consolidating in a narrow range, and we might witness a fake breakout of the trendline before the downtrend resumes toward the 0.1747–0.1889 area. If the price breaks above and holds above the weekly reversal level, we could expect a move toward the resistance zone at 0.2349–0.2491. The entire market is in a state of uncertainty — wait for confirmation before making a move.