DOGE - Further Rejection Likely Dogecoin / TetherUSBINANCE:DOGEUSDTVIAQUANTLet's take a trip back down memory lane to May 16th, when I predicted the last top for DOGE: Since then, the price action that has developed has been incredible. The RSI broke its uptrend which led directly to the breakdown of that support region. Price crashed even further and created a bullish divergence at the lows, right before the large rally to $0.10 that just occurred. Looking at the line chart, where only candle closes matter, price has only slightly extended above the box marking old support, which should now act as new resistance. However, if DOGE can begin forming a base within this zone rather than closing back below it, there is a good chance it could actually have the fuel needed to rally toward the $0.12 level once again. It is still too early to say for certain, and as noted, a break back below this zone remains the more likely outcome for now. But if price does somehow form a base here and begins the move back to the upside, I will make an updated post at that time.