$DOGE Technical Outlook Turns Deteriorating (Bearish Structure)

Price Action Breakdown:

DOGE has now fallen below the 50-day EMA at $0.225, a key trend indicator, and is struggling to reclaim the $0.215 resistance—which aligns with the 23.6% Fibonacci retracement level.

The Relative Strength Index (RSI) sits at 44.62, indicating waning bullish momentum and drifting toward bearish territory.

Volume has also contracted by 0.93% to $2.98B, suggesting lackluster buying interest and possible capitulation after failed support tests at $0.211.

Critical Level Alert:

A daily close below $0.20 could activate cascading stop-loss orders, potentially accelerating declines toward $0.189—the July 2024 low.