Dogecoin ($DOGE ) is currently trading at $0.40921, down 11.86% after hitting a 24-hour high of $0.46471. The price has broken below its 7-day moving average at $0.43043, suggesting bearish pressure in the short term. Immediate support is found at $0.39800, with further downside possible toward $0.38300 if this level fails to hold. On the upside, resistance lies at $0.42000, and a recovery above this level could see $DOGE retesting $0.44000 and the previous high of $0.48000. Traders should closely monitor volume and price action near these critical levels.
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