- Dogecoin is struggling as the worsening death cross signals further bearish momentum.
- Dogecoin must hold above $0.14 to avoid a potential drop toward $0.10.
Dogecoin (DOGE) is struggling as its technical indicators point to further downside pressure. The worsening of the death cross—where short-term moving averages remain below long-term ones—suggests that a quick recovery may not be on the horizon.
DOGE Stuck Between Crucial Support and Resistance
DOGE is currently caught between two key price levels:
- Resistance at $0.14 – A critical threshold that bulls must defend to prevent further declines.
- Upper boundary at $0.20 – The level that Dogecoin needs to break for a potential bullish reversal.
If DOGE falls below $0.14, it could enter a danger zone with no strong historical support, making a plunge toward $0.10 possible, especially if larger holders start offloading their positions.
Bearish Indicators Dominate
Technical indicators reinforce DOGE’s bearish outlook:
- Relative Strength Index (RSI) signals weak buying pressure, limiting chances of a strong rally.
- Overall market sentiment remains neutral, with meme coins like DOGE and SHIB struggling due to a lack of fundamental catalysts.
What’s Next for Dogecoin?
In the short term, sideways movement between $0.14 and $0.20 seems likely. A sustained move above $0.20 would be crucial for a trend reversal, while a drop below $0.14 could accelerate losses. For now, DOGE bulls will need a surge in buying interest to counteract the ongoing bearish momentum.
Will Dogecoin regain strength, or is a deeper decline inevitable? Let us know your thoughts!
