She stated that the main idea is a continuation of the decline and that the trigger is a breakdown of support at $0.2135 and consolidation of the price below this zone. The analyst affirmed that the meme coin would only continue to fall if this plays out.
However, this bearish setup could be invalidated if the Dogecoin price reverses and consolidates above $0.222. A price consolidation above $0.23 would confirm the bullish sentiment, supporting the case for further rallies to the upside.
