DOGE stalls at $0.07000: Bulls can re-enter here
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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
DOGE recovery hit a key bearish order block near $0.07000.
Funding rates were relatively positive and favored bulls.
Dogecoin [DOGE] has struggled to swing beyond $0.07000 since 22 June decisively. Further upside beyond $0.07000 has been consistently stopped by the bearish order block (OB) of $0.06729 – $0.07120 (red) on the daily timeframe.
How much are 1,10,100 DOGEs worth today?
In the meantime, Bitcoin [BTC] maintained a hold of $30k into the start of Q3 2023, reinforcing bullish sentiment. But DOGE’s H4 structure was still bearish at the time of writing unless it clears the bearish OB.
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