DOGE/USD – Supply Zone Rejection in Play! Is a Pullback Imminent

Dogecoin just tapped into a strong supply zone between $0.16624 – $0.16800 and showed immediate signs of rejection. Price action is slowing, and early sellers are stepping in—this could be the beginning of a short-term pullback.


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Key Levels to Watch:

Resistance (Supply): $0.16624 – $0.16800

Support 1: $0.16227

Support 2: $0.15740

Demand Zone: $0.15600–$0.15750



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Bearish Setup Alert:

Clean test of supply with rejection candle

Short-term bearish structure forming

Volume fading near the top—indicates buyer exhaustion

Next potential drop targets are $0.162 and $0.157



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Scalper’s Setup:

Short Entry: Near $0.16650–$0.16750

TP1: $0.162

TP2: $0.15750

SL: Above $0.16850

Risk/Reward: 1:2+



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What's Your Take?

Do you expect a bounce from support or deeper retracement to the demand zone?

Drop your thoughts below & like if you caught this move early!

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