$DOGE /USDT price analysis

Dogecoin (DOGE) is trading at approximately $0.3171 USD, reflecting a 0.42% increase over the past 24 hours.

Over the past week, DOGE has experienced a decline of about 21%, underperforming compared to the global cryptocurrency market, which is down approximately 12% during the same period.

Technical analysis indicates that DOGE is currently in a bearish trend. Key support levels are identified at $0.2643 and $0.1823, while resistance levels are noted at $0.415, $0.547, and $0.684. Traders are advised to consider buying near support levels and targeting these resistance levels, employing stop-loss orders below $0.2643 to manage risk.

Additionally, technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest a bearish momentum, with several indicators signaling a 'Sell' position.