Dogecoin (DOGE) has lost more than 5% this week, falling below $0.25. Technical indicators make it difficult for the price to break the resistance at the $0.206 level, and the overall outlook appears to be bearish.

While the Ichimoku Cloud gives a red signal, the bullish signs in the BBTrend indicator and the possibility of the cloud turning green are considered a potential recovery signal. However, for DOGE to transition to an upward trend, it needs to securely surpass $0.206. Otherwise, the critical support level around $0.168 may be retested in the near term.

With the decline over the past seven days, Dogecoin is trading below $0.25 for the first time since February. While EMA averages signal a decline, the price continues to stay below critical trend zones. On the other hand, the rapid recovery in BBTrend indicates that momentum is strengthening, and investors are carefully monitoring price movements for a possible breakout.

In the Ichimoku indicator, the blue Tenkan-sen line remains below the red Kijun-sen, supporting the weak short-term outlook. The price struggles to rise above Tenkan-sen, and these levels create dynamic resistance points, limiting buying pressure. The thick structure of the cloud also creates a strong resistance barrier; therefore, significant upward momentum is required for the price to exceed the cloud.

The BBTrend metric has shown a rapid increase, rising from the previous -3.14 level to 2. This indicates that the bullish momentum is strengthening. However, this alone does not guarantee a permanent rise, but the BBTrend, which is in the positive zone, generally indicates that the price may provide more gains.

EMA averages are still trending downward. Short-term moving averages are below long-term ones, indicating that downward pressure on the price continues. If the recovery cannot gain momentum, the DOGE price may pull back towards the support around $0.168. This level currently serves as strong support.

For a change in the overall trend, a crossover in EMAs is required. On the other hand, if momentum strengthens and DOGE can break the resistance at $0.206, the upward momentum may accelerate, and the levels of $0.232 and $0.254 may emerge as the next targets.


PLEASE READ CAREFULLY FOR A $10 GIFT FOR 170 PEOPLE.

Friends who have not yet activated the futures trading section will earn $10 when they activate it by entering my reference code 88623008. The first 170 people will benefit from this reward.

I AM EXPLAINING IN DETAIL.

My brothers who registered without a referral on Binance, please listen carefully.

You will earn 10 USDT when you do what I say in order.

From your application, enter the Futures section.

On the next screen, enter the REFERRAL CODE section and open your account by entering the code 88623008.

Brothers who want to complete this process by April 10 and receive a reward of 10 USDT can do so. After this, it will be sufficient to have a trading volume of $30 after activating your account. However, even if you do this after April 10, your reward will not come. Therefore, I suggest you handle it within 5 seconds.

THE SYSTEM WORKS ON A FIRST COME, FIRST SERVED BASIS. THEREFORE, DO NOT BE LATE TO RECEIVE YOUR GIFT. IT IS LIMITED TO 170 PEOPLE.

PLEASE READ CAREFULLY FOR A $3,300 GIFT.

Friends, you know that we are doing everything we can for you as broadcasters. We are communicating the services and opportunities provided to us by our authorities to you. I have never withheld my support for both the cryptocurrency market and you; on the contrary, I strive to provide more support.

Now I will explain how to claim your gift. First, those of you who have not opened a futures trading account need to activate this account with a short transaction. I will explain how to activate it in a detailed and simple way.

So who can benefit?

Friends who have not yet activated the futures section can activate it by entering my reference code 88623008 when opening the FUTURES section. It is an easy process. I have shown where it is below.