DOGE price news: Dogecoin breaks short-term support, eyes lower
Summary
Dogecoin (DOGE) declined by about 1.8% during Sunday's session, failing to sustain a recovery attempt above $0.135 and trading around $0.1323. Trading volume surged significantly to 721 million tokens, indicating active repositioning by sellers rather than low-liquidity movement. The key technical development was the loss of support near $0.1320, which has now flipped to act as overhead resistance. Furthermore, DOGE slipped below the lower boundary of a short-term ascending channel, confirming a bearish short-term bias. Attention is now focused on whether DOGE can stabilize above the next demand area located between $0.1280 and $0.1290. Until the price reclaims $0.1320 and then $0.1350, rallies are expected to face supply.
(Source:CoinDesk)