DOGE Price News: Dogecoin Near Make-or-Break Zone After Fresh Bitcoin Slide
Dogecoin dropped 5.5% to $0.1730, breaking critical support amid heavy selling pressure following a broader market slide.Summary
Dogecoin (DOGE) extended its decline, tumbling 5.5% to $0.1730 after breaking below crucial support levels like $0.1720 amid heavy selling during the U.S. session. This price action confirms a near-term bearish trend, characterized by a lower-high, lower-low formation, as sellers dominated the market after failing to reclaim the $0.1789 resistance zone. Technical indicators show momentum is deteriorating, with the hourly RSI near 38, suggesting mildly oversold conditions. Traders are now focused on whether the $0.17 support level can hold; failure here could expose Dogecoin to the $0.1650–$0.1600 zone, which contains the critical weekly 200-EMA near $0.16, considered the structural 'line in the sand' for the long-term trend.
(Source：CoinDesk)