Dogecoin's Coiled Volatility Squeeze at $0.08: What's Next?

Dogecoin is experiencing a volatility squeeze at $0.08, where all short-term moving averages have converged into a horizontal line.

This setup suggests that price and its averages are stacked on top of each other, indicating a coil under tension in the market.

The current macro backdrop is not in full risk-on euphoria or outright capitulation, and DOGE's holding at $0.08 with Bitcoin correlation keeping altcoins pinned suggests this floor has absorbed real selling.

The 200-day SMA is sitting above current price at $0.09, acting as a structural ceiling that DOGE hasn't reclaimed yet, meaning the long-term trend remains technically bearish.