Dogecoin faces critical challenges, slipping below $0.35 support with a nearly 10% decline today. Despite this, the level has held for now, providing a glimmer of hope for a rebound toward $0.41.
Technical Outlook:
🦴RSI: Below neutral 50, indicating bearish momentum.
🦴MACD: Bearish, below the signal line.
🦴ATR: Rising, suggesting higher volatility.
🦴Volume vs. Market Cap: Divergence hints at weak trade strength.
External factors like hawkish Fed policy and dampened market sentiment add pressure. The next few days are crucial for $DOGE to stabilize or risk testing $0.31 support.