$DOGE $DOGE is setting up for a strong move🚀🚀📈
DOGE is trading deep in the oversold zone on the daily chart, right near a long-term support area around 0.12. Selling pressure is slowing down, volume is stabilizing, and price is holding above the lower Bollinger Band. This is usually where smart money starts accumulating, not panic selling.
Momentum indicators show exhaustion on the downside. After weeks of correction, DOGE looks ready for a relief rally that can turn into a bigger pump if market sentiment improves. Meme coins often move fast once momentum flips, and DOGE has a history of sharp rebounds from these zones.
For spot buyers, this area offers a favorable risk setup. Downside is limited compared to the upside potential if DOGE reclaims key resistance levels in the coming days.
Patience is key, but from a spot perspective, this looks like a solid accumulation zone rather than a place to sell in fear. As always, manage risk and avoid overexposure.
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