DOGEUSDT: Sideways Breakdown, Downside Risk PersistsDogecoin / TetherUSBINANCE:DOGEUSDTDomicChainaDOGEUSDT is trading around 0.0802 USDT after breaking below a multi-day sideways range. The price is currently sitting below both the EMA34 (approx. 0.0819) and EMA89 (approx. 0.0833), indicating a clear shift in the H1 market structure toward the bearish side. The 0.0815–0.0830 zone now serves as a key resistance area for a potential retest. If DOGE rallies but fails to reclaim the breakdown zone and the EMA cluster, I lean toward a scenario where the price continues to drop to 0.0790, subsequently extending toward the primary target near 0.0770 USDT. Macro factors today also reinforce the bearish outlook. The 10-year Treasury yield has just surpassed 5%, and the market is pricing in a greater than 90% probability of a 25bp Fed rate hike, while Bitcoin and Ethereum remain under pressure ahead of the FOMC decision. Such a "risk-off" environment typically exerts greater downward pressure on high-beta meme coins like DOGE. The bearish scenario would be invalidated if DOGE decisively reclaims the 0.0830–0.0835 level and returns to the previous sideways range.