DOGE · 1H · DOWNTREND

Price peaked around 0.0795 early July and has been printing lower highs ever since — the structure is clean bearish. The sharp flush around July 23 that drove price from 0.0720 down to 0.0685 was the decisive break of the range floor that held for most of the month, and now price is grinding back up into what was previously support, now flipping to resistance around 0.0700–0.0710. That recovery bounce looks corrective, not impulsive — I'm reading this as a dead-cat reclaim attempt into overhead supply, not a trend reversal. The news context confirms the drop from 0.0723 to 0.0685 extended weekly losses to ~4.9%, which means there's no fundamental catalyst supporting a recovery here — just technicals grinding into resistance. I'm not chasing longs into a lower-high formation; I'm waiting for rejection confirmation at 0.0710 before looking at the short side.