What’s Holding DOGE Back?

Dogecoin is trading around $0.1652 at the time of writing, with a 1.19% dip over the last day. Technically, the price is caught between support at $0.163 and resistance at $0.177.

This narrow channel has repeatedly capped Dogecoin’s price action, making it difficult for the asset to build momentum or break out.

Unless there’s a shift in sentiment or a broader market catalyst, analysts expect the coin to continue moving sideways in this price range.

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