Technical analysis by BKVIP about Symbol DOGE on 3 hour ago

DOGE remains confined inside a well-defined descending channel, with price consistently respecting both the upper and lower bounds. This structure confirms that the broader move is still corrective rather than impulsive, with sellers maintaining control on rallies. The recent reaction from the lower channel boundary shows short-term relief buying, but the rebound lacks expansion and follow-through. This type of response typically signals stabilization within a downtrend, not a confirmed reversal. As long as price remains capped below the channel highs, downside pressure and range rotation remain the dominant behavior. A structural break and acceptance above the channel would be required to shift bias. Until then, DOGE continues to trade in corrective mode, favoring patience and confirmation over anticipation. Trend defines pressure. Structure defines risk.