Dogecoin Tests Channel Floor Again: Breakdown Or Rebound?
Summary
Dogecoin has returned to the lower boundary of a horizontal Parallel Channel after a recent decline. The price previously hit the channel’s upper resistance in May, was rejected, then fell through the midpoint and below the 50-day moving average before retesting the bottom support. If that support holds, a rebound toward about $0.1019 and $0.1156 is possible. If it breaks, the next major downside area is near $0.067. Meanwhile, Cardano has already broken below a long-term channel, with downside targets around $0.11 and $0.051. DOGE is trading near $0.0843.
