Dogecoin pivot Dogecoin's current trading price is close to 0.318 USD, and it is at a critical moment in the market.

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After weeks of turmoil between bulls and bears vying for control, the asset has finally found balance. Even after a brief stabilization, the future direction of Dogecoin remains uncertain, with bearish signals potentially outweighing bullish optimism.

Currently, DOGE is trading at approximately 0.32 USD on the price chart, which provides short-term support, but is unlikely to hold in the long term.

The 50 EMA has been breached, indicating that bullish momentum is waning. If selling pressure increases, the 100 EMA around 0.283 USD could serve as a safety net. DOGE's price currently lacks the upward momentum needed for a proper recovery.

Due to decreased speculative interest in meme coins, overall market sentiment has not provided much support. If the price falls below the 100 EMA, it may attract buyers looking for bargains, leading to a rebound. However, if the 100 EMA is breached, it could fall to the 200 EMA at 0.212 USD, resulting in larger declines. Investors anticipating a recovery should watch key resistance levels. A breakout above 0.35 USD could push the stock price back up to 0.40 USD or higher, reigniting bullish momentum.

However, this reversal requires a broad market rebound and substantial buying interest, which seems unlikely to happen in the current environment. In the short term, DOGE's path of least resistance may be downward.

Investors should prepare for further declines before any significant reversals occur, although a rebound is possible. As DOGE temporarily maintains this delicate balance, patience and vigilance are crucial. $100,000 is a dream According to recent price trends, Bitcoin is nearing the 50 EMA, which is a key support level.

Historically, this level (currently around 94,000 USD) has been critical for the Bitcoin market cycle. However, falling below this level may indicate that the current rebound has lost momentum. Bulls should be concerned about a drop below the 50 EMA. Although this level often serves as a starting point for reversals, traditionally, a bullish period ends when this level is breached.

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