BTCC
/
BTCC Square
/
TheCurrencyAnalytics
/
Dogecoin’s Quiet Before the Storm: A Bear Trap Lures Shorts Toward $0.20
Dogecoin’s Quiet Before the Storm: A Bear Trap Lures Shorts Toward $0.20
14
1
Dogecoin's price action is playing possum—and the market might not see the snap coming.
After weeks of sideways movement, DOGE's consolidation looks suspiciously like a coiled spring. Technicals suggest a classic bear trap is forming, with shorts piling in just as momentum builds for a violent reversal.
The $0.20 target isn't just a psychological barrier—it's where leveraged bears could get liquidated en masse. (Wall Street analysts, meanwhile, are still trying to explain how a meme coin became a serious trading instrument.)
Watch the order books: if DOGE breaks resistance with volume, the squeeze could be brutal. Just remember—in crypto, the 'dumb money' sometimes wears a suit.
By:
