Technical analysis by SupertradeOfficial about Symbol DOGE: Sell recommendation (8/12/2025)

DOGEUSDT has clearly transitioned from its earlier bullish phase into a decisive downtrend. After peaking near the 0.248–0.250 zone, price has been consistently printing lower highs and lower lows, confirming that sellers have taken control. The rejection around this major resistance has set the tone for a gradual but steady decline. On the current 1H chart, candles are closing below the short-term moving average, and every attempt at a bounce (seen from the “B” buy signals) has been weaker than the last, showing fading buyer strength. The 0.23378 level is now acting as a strong short-term resistance where sellers have been quick to re-enter. Above that, the zone between 0.24676 and 0.24859 remains the critical ceiling for any bullish attempt. Support on the downside is stacked quite close, starting with 0.22426–0.22420, which is being tested. A confirmed break here could open the path toward 0.22117, then the more significant 0.21127–0.20900 range. If selling pressure accelerates, the psychological 0.20000 level could be tested, and deeper targets such as 0.19560 and even 0.18845 may come into play. Volume and price behavior suggest that sellers are dominating momentum. Sharp rejections after sell markers, combined with the lack of bullish engulfing patterns, indicate that downside continuation is more probable than a reversal at this stage. Trading Idea (Bearish Bias) 📉 •Entry: ~0.22420 on breakdown confirmation •Stop Loss: Above 0.23378 •Targets: TP1: 0.22117, TP2: 0.21127, TP3: 0.20000, TP4: 0.18845 It’s recommended to take partial profits at each target and trail the stop loss to protect gains if the drop extends.