Technical analysis by FrankFx14 about Symbol DOGE: Sell recommendation (8/9/2025)

Dogecoin is staging a strong recovery from recent lows and is now approaching a key supply zone between $0.26 – $0.29. This region has historically been a strong reversal point for sellers. 🔍 Key Observations: Supply Zone: $0.26 – $0.29 (blue zone) A previous major rejection zone that could trigger a bearish move if retested. Immediate Resistance: $0.2048 Price has already broken above it and is heading toward the higher supply area. Demand Zone: $0.145 – $0.156 (orange zone) This zone has provided strong buying pressure in the past and could act as a major downside target if sellers regain control. 📈 Possible Scenarios: Bearish Rejection – Price rallies into $0.26 – $0.29 and faces strong selling pressure, potentially sending DOGE back to $0.2048 and then $0.156. Bullish Breakout – A decisive close above $0.29 would invalidate this supply zone and could open the way to higher highs. 🔻 Bias: Short-term bearish while below $0.29, expecting possible rejection from supply before another bullish attempt. Disclaimer: This analysis is for educational purposes only and not financial advice. Trade with proper risk management.