DOGE Rejected at Key Supply! Is the Hype Over or Just a Dip

Dogeusd (DOGE) just got rejected at the major $0.249 supply zone and is now heading lower on weakening momentum. After the strong May rally, bulls are losing steam—and a deeper retracement could be brewing!

4H Chart – COINBASE

What’s Happening?

Price touched a high-volume supply zone at $0.249 and was sharply rejected.

Bearish divergence and weakening follow-through on recent rallies.

Currently sitting near $0.22, but downside pressure is building fast.


Key Levels to Watch:

Resistance: $0.249 – Previous rejection point and supply cluster.

Support 1: $0.195 – Prior breakout level (could offer temporary bounce).

Support 2: $0.140 – Strong demand zone and previous consolidation floor.


Bearish Outlook:

If $0.22 breaks, expect quick moves to $0.195, and possibly $0.14 if fear kicks in.

U.S. economic data in the coming days (icons near early June) could cause surprise volatility.


Bullish Scenario?

Bulls need to reclaim $0.249 with strong volume to invalidate this rejection.

A clean breakout here could target $0.28–$0.30 next, but odds are fading unless momentum returns fast.


Trade Setups:

Scalp Short: Re-entry on rejection wicks near $0.24–$0.245.

Swing Short: Confirmation below $0.22 with targets at $0.195 / $0.14.

Long Watch: Look for signs of absorption and reversal at $0.14–$0.15.


DOGE is back on the radar—but are we flying to the moon or crashing into orbit?

Let me know your position below! Holding, shorting, or waiting for the dip?

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