🚨🚦$DOGE Struggles to Hold Gains as Downtrend Resumes Near Key Support Levels.🚨🚦
DOGE is trading at $0.1926, with a daily range between $0.1864 and $0.2040. The price is nearing critical support levels around $0.18–$0.19, which have historically acted as strong demand zones. A failure to hold these levels could lead to further declines toward the $0.15–$0.16 range, where additional support is anticipated.
Technical indicators suggest a bearish outlook, with the Relative Strength Index (RSI) remaining below neutral levels (18.84)(1D) indicating subdued buying interest. Additionally, declining open interest and transaction volumes point to reduced market activity and investor caution.
while DOGE's recent breakout was promising, the current market conditions indicate a potential continuation of the downtrend unless key support levels hold. Traders should monitor the $0.18–$0.19 region closely for signs of reversal or further weakness.