$DOGE Market Update: Downtrend Continues
Current Price: $0.37955 (-6.13%)
• 24h High: $0.40880
• 24h Low: $0.36500
Key Moving Averages:
• MA(7): $0.38153 (short-term resistance)
• MA(25): $0.39102
• MA(99): $0.41954 (long-term bearish trendline)
Market Insights:
Dogecoin (DOGE) continues its downward trajectory, with support seen near $0.36500. Price action is below all key moving averages, signaling sustained selling pressure. The next key resistance lies at $0.38153.
Volume Analysis:
While there was an uptick in volume during the recent dip to $0.36500, bulls are yet to show significant buying momentum to reverse the trend.
Levels to Watch:
• Resistance: $0.38153 (MA7), $0.39102 (MA25)
• Support: $0.36500
Outlook:
DOGE must reclaim $0.38153 to attract renewed bullish interest. A breakdown below $0.36500 could open doors to further declines toward the $0.35 range. Caution is advised for traders.