🚀 Dogecoin's Bullish Outlook Faces Challenges: Despite a recent bullish trend, Dogecoin's uptrend could struggle due to a large supply cohort. Dips continue to bring liquidity, possibly setting up a major breakout.

⚠️ Resistance at $0.11: Dogecoin is holding above $0.1 support but faces major resistance at $0.11. Around 17,300 addresses bought 32.6 billion DOGE between $0.1101 and $0.1119, which could hinder further gains.

📉 Downside Risks: If DOGE slips below $0.1, a sell-off may ensue, with key support zones at $0.09 and $0.08. Decreasing open interest and volume indicate potential bearish performance.

📊 Technical Indicators: The Super Trend indicator suggests that $0.1 resistance might hold, with additional resistance from the 200-day EMA at $0.1144. A confluence support above $0.1 is formed by the 20-day and 50-day EMAs, possibly attracting more bullish traders.

🎯 Traders' Strategy: Day traders may target $0.11, awaiting further confirmation of the uptrend before committing fully to DOGE.