DOGE · 1H · DOWNTREND

Price has been in a sustained downtrend since the early July highs near 0.0790, printing lower highs and lower lows across the entire visible range. The most recent structure shows a compression zone around 0.0700–0.0710 after a sharp flush to 0.0685 lows, with price currently sitting at 0.07043 — right in the middle of that tight range, unable to reclaim meaningful structure. The news confirms sellers control the broader trend with DOGE roughly 85% below its late-2024 peak and trading below its main weekly EMAs, so the macro backdrop reinforces what the chart is already showing. I'm not interested in longs here — the bounce off 0.0685 looks corrective, not impulsive, and every prior rally in this downtrend has been sold into. I'm watching for a rejection at the 0.0720 zone where multiple prior swing highs cluster, and a close back below 0.0700 would confirm bearish continuation for me.