DOGE Price News: Dogecoin Tests Weekly EMA Support as Bears Drive 5% Slide
CoinDesk
Dogecoin dropped 5.5% to test critical support near $0.1719 amid heavy selling volume.Summary
Dogecoin (DOGE) extended its decline, tumbling 5.5% from $0.1831 to $0.1730 during the London session, confirming a lower-high, lower-low pattern on heavy volume.
Selling pressure intensified around the $0.1789 resistance zone, pushing the price down to stabilize near $0.1719. This breakdown below short-term moving averages reinforces a bearish bias, with the hourly RSI near 38 indicating mildly oversold conditions.
Technically, the market is watching the $0.17 handle closely; failure to hold the $0.1720–$0.1719 support cluster could expose the $0.1650–$0.1600 zone, where the weekly 200-EMA near $0.16 serves as the crucial structural support boundary.
(Source：CoinDesk)