🚀 DOGE surged 7.5% in 24 hours, reclaiming $0.254. But this rally may be short-lived, with sellers dominating and downside risks building across multiple metrics.
📉 According to Glassnode’s URPD, while $0.20 has flipped into support, a key resistance awaits at $0.36 — a long-term ceiling that has blocked rallies before, including a failed breakout in January that sent DOGE to $0.15.
⚠️ Currently, DOGE trades just above $0.2478 — a resistance tested and rejected three times before. A successful close above could favor bulls, but history suggests caution.
💰 Bearish pressure is mounting. CoinGlass reports a $39M sell-off in the past day — DOGE’s largest since January 17. Spot traders may be taking profits, and continued selling could trigger a deeper correction.
📊 On the Heatmap, major liquidity clusters sit between $0.259–$0.260 (sells) and $0.249–$0.250 (buys). If price taps the upper cluster first, a retrace to demand zones may follow. If it dips lower first, a bounce toward supply zones could occur.
🧠 Without strong support below, DOGE’s short-term outlook remains fragile — but volatility may also offer strategic accumulation zones for the bold.
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