Technical analysis by Quant_Trading_Pro about Symbol DOGE on 7 hour ago

DOGE is retesting a major demand zone that has held since July — the same level that launched the last multi-week rally. But this time, price action looks weaker. Here’s what stands out: 1️⃣ Price is compressing into a descending trendline Sellers have controlled every lower high for months. Until DOGE reclaims this trendline, momentum stays bearish. 2️⃣ Blue demand zone = last structure support This zone has been tapped repeatedly with diminishing bounces. If it fails, liquidity sits much lower and a deeper retracement becomes likely. 3️⃣ Stoch RSI is overbought while price is flat That’s a classic bearish divergence signal — momentum is cooling while price can’t push upward. 4️⃣ Fibonacci supply zone capped the last rally The 0.5 → 0.786 retracement zone above has acted as clean rejection structure, confirming sellers are still active on every rally. 📌 Bias: DOGE needs a strong reaction from this demand zone to avoid a breakdown. A clean reclaim of the descending trendline would shift momentum bullish. A close below support opens the door to a much sharper move down. This is a make-or-break moment for DOGE.