Doge/Usdt - Squeezing Between Support and Resistance

Price is currently consolidating between a well-defined resistance zone (~0.193–0.195) and support zone (~0.187–0.189). A Change of Character (ChoCH) has been observed, indicating potential shift in short-term momentum.

Scenario 1 – Bullish Breakout:
If price breaks and closes above the resistance zone, expect bullish continuation towards the upper target area (~0.210–0.220). Look for retests of the breakout level for confirmation before entering long positions.

Scenario 2 – Bearish Breakdown:
If price rejects resistance and breaks below support, it may retest the weak low before moving towards the lower target zone (~0.150–0.160). Confirmation with volume and candle structure is recommended.

Market Sentiment:
Currently neutral to slightly bearish as price trades below resistance and shows reduced momentum. Traders should wait for a clear breakout or breakdown before taking positions.

Key Levels to Watch:
• Resistance: 0.193–0.195
• Support: 0.187–0.189
• Bullish Target: 0.210–0.220
• Bearish Target: 0.150–0.160