◉ Dogecoin under pressure… Is the bottom near? 🐶📉
The DOGE coin has declined after failing to surpass the level of 0.15, entering a downward trajectory that brought it to around 0.08 before a slight rebound towards 0.09.
⬇️ The price is still below 0.1
⬇️ The momentum is weak and the selling pressure is clear
⬇️ The 0.09 area has turned into resistance
Current movements suggest that the price may be approaching bottom areas, especially as it reaches the lower bound of its long-term channel, which has previously seen strong rebounds.
📊 Nevertheless, the overall trend remains negative, and sideways trading may continue between 0.08 and 0.1 unless new buying momentum appears.
◉ Summary
Dogecoin is still declining, and the potential rebound needs stronger support and improvement in the market.
DOGE
0.09116
+0.37%
