DOGE Price Coils for Breakout, Bears Take Control

Dogecoin's price has been coiled around the $0.07 level for some time, creating a 'coiled spring' effect according to Lawrence Jengar.

The Bollinger Bands have compressed tightly around this price point, and every short-term moving average has collapsed onto it, forming a full moving average convergence cluster.

This is not stability, but rather a sign of impending release. The 200-day SMA sits at $0.09, indicating that DOGE is trading 22% below its long-term average and structurally rejected.

Momentum indicators such as the MACD and Stochastic confirm bearish sentiment, with the Bollinger %B sitting near 0.80 and pressing against the upper band without sufficient volume to justify a breakout.