Dogecoin Price Analysis: A Bearish Reversal or a Bullish Bounce? 🐕📉
$DOGE has faced a strong bearish reversal at the $0.3850 resistance level, dropping by 10.83% in just 24 hours with a trading volume of $5.458 billion. Despite this dip, DOGE holds its 7th position with a market cap of over $51 billion.
Key Technical Levels:
The RSI shows a sharp decline, while the 50-day EMA is providing support. If the bulls regain momentum, we may see a retest of the $0.398 resistance level. On the flip side, a further pullback could drive DOGE toward $0.309.
