Drop back to ~0.17c?

So there’s a lot of froth around the markets now, this is what Ai thinks will happen if 23c doesn’t hold. What do you think?

Full reasoning:

Entry: $0.23
Stop Loss: $0.25
Take Profit: $0.17

Key Levels

Pivot: $0.23
Support: $0.23 $0.17, $0.15

Analysis & Rationale

DOGE/USD has recently experienced a strong upward move from 0.17 to 0.25 but is now showing signs of exhaustion at a critical resistance level. The daily chart shows price testing the MA200 (0.26) with RSI in overbought territory (70.7). The weekly chart confirms we’re at a significant resistance zone with bearish MACD divergence. On the 4H chart, price has formed a double top around 0.25 with declining volume on the second peak.

The 1H timeframe shows price consolidating below resistance with weakening momentum as seen in the MACD histogram. Entry is set at the break of the recent consolidation support at 0.232, which aligns with the 1H MA20. The R:R is favorable at 1:3.4, with the target at the major support zone around 0.17 (visible on weekly chart as prior resistance now support). While a long-term bullish case could be made based on the monthly uptrend, the swing short setup offers higher confidence due to the clear exhaustion signals at a major resistance level.

Risk Factors

• Crypto market volatility can lead to unexpected price movements
• Potential market-wide bullish sentiment could override technical signals
• Historical resistance at 0.26 may not hold if broken with strong volume
• Low trading volume environment increases manipulation risk