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Analysis of DOGE/USDT (18.07.2025):


On the DOGE/USDT chart, we see a descending triangle after a significant pump, indicating bearish sentiment. The price broke through support around $0.13 but then returned above, which may suggest a false breakout or a temporary correction. The current price of $0.24596 is at the upper boundary of the triangle. Trading volumes have noticeably decreased from peak values, confirming the uncertainty. OBV also shows a decline, but with some fluctuations.
Key levels:
Resistance: $0.25 ( upper boundary of the triangle ), $0.48 ( previous high ).
Support: $0.13 ( lower boundary of the broken range ).
In the short term, either a bounce from the upper boundary of the triangle down to support is possible, or a breakout upwards. A confident break of resistance and an increase in volume are necessary to confirm a bullish trend. The bearish scenario implies a continuation of the decline.
It is important to monitor the volumes and the further price movement relative to the triangle's boundaries.
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