Will DOGE Dig Its Way Out of the Bear’s Den? 🐻

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It appears the bears are getting their paws in a bit of a grip, or rather, a clingy embrace, on our dear friend DOGE this past day of the week, according to their high council, CoinMarketCap. And here I was thinking they only ruled the forests.

DOGE/USD: A Tale of Two Charts

Our beloved DOGE seems to have lost a peppercorn of its weight, settling down 0.21% since yesterday. Over the last week, it’s lost more ground than a mischievous weasel in a henhouse, about 6.55%, by the numbers wizards bandy about.

Oh, but look! On the small-screens hourly chart – a delightful little time machine measuring minutes – the DOGE has made a modest comeback after a sturdy foundation at $0.1848. Should it keep pace, by tomorrow we might see it swaggering towards the resistance like a particularly brave shrimp.

Zoom out, though, onto the greater vision, and the picture adopts a somewhat gloomy palette – oh, the drama! The rate is right on the edge of what could be called the ‘support level,’ a safety net for the economically vertigo-prone.

Should the bears decide to gather yet more, we might witness a dramatic breakout before it takes a-terrific tumbling to $0.17 – $0.1750. Ah, the unpredictability of it all!

Widen the lens to the midterm horizons, and DOGE finds itself wandering far from the key levels – it’s neither here nor there, much like a Librarian in a quiet post-lie spat. Which, it seems, spells a time of surly stagnation: no sudden jolts, no capriole leaps of joy in the market pond.

As of this fine moment, DOGE is afloat at $0.1868. Tomorrow, who knows? Perhaps it might decide to serenade a passing butterfly or finally learn how to swim – which would be, frankly, nice for a change.

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2025-11-02 16:40