#Dogecoin Downward Pressure Amid Declining Volumes 📉

$DOGE is displaying a series of lower highs on the 1-hour chart, signaling a weakening bullish momentum in the short term. The 9-period and 26-period moving averages have formed a bearish crossover, further indicating potential downward pressure.

In addition, trading volumes are steadily declining, suggesting reduced market participation in the current phase.

A possible retest of the trendline support is anticipated, which could act as a key level for buyers to regain control.

Traders should monitor volume dynamics and price action around the trendline for confirmation of a reversal or continuation of the bearish trend.