The Trust Layer for Market Analysts

The analysis focuses on Dogecoin's trend since the October high, identifying a short-term downtrend. It examines the micro-structure of the market, tracking it as a 1-2 setup where Wave 2 is likely still unfolding. The yellow scenario is mentioned as a possibility where the low was formed in November on the 4th, but it's deemed unlikely. The analysis specifies that there hasn't been a confirmation of a meaningful low forming, and the price couldn't break above the nearest resistance. The nearest resistance area remains unchanged, and the micro-resistance area is noted, targeting a price of 0.1157.