Technical Analysis:$DOGE

1. Moving Averages (MA):

• MA(7) (yellow line) has fallen below MA(25) (pink line), which is a signal of a bearish trend in the short term.

• The price has approached MA(99) (purple line), which may act as a support level.

2. Volumes:

• There is a noticeable increase in volumes during the growth period, however, volumes have started to decline now, which may indicate a weakening interest in the asset.

3. Current Situation:

• The price has fallen from a recent peak (0.48) to the current 0.31. This is about a 35% correction.

• There is a possibility of consolidation forming before the next movements.