💵 According to U.Today: $DOGE Analysis

Dogecoin may be flashing a growth signal that could be easy to miss. Despite a general downtrend in the market, Dogecoin's trading volume is showing a descending pattern, which may imply a potential reversal of its price trajectory. Historically, when trading volume decreases during a price decline, it can indicate that the selling pressure is tapering off.

For Dogecoin, this could mean that the market is running out of sellers, setting the stage for a possible price rebound. Adding to this potential turnaround is Dogecoin’s interaction with the 100-day EMA.  Dogecoin has demonstrated resilience at this level in the past, bouncing back multiple times, which suggests that the $0.14 price point could be a springboard for future gains.

The presence of descending volume in a bearish rally is often perceived positively by traders. It suggests that the downward momentum is losing steam and that a trend reversal could be on the horizon. If Dogecoin manages to capitalize on this hidden signal, we might see it initiating a recovery phase.

From a technical perspective, Dogecoin is currently sitting just below a key resistance level. If the coin can gain the strength to break above this point, it might target the next resistance at around $0.17016. A push past this threshold, will likely shift the focus to the higher resistance near $0.18016, which could reinforce a bullish trend.