Recently, the price of Dogecoin (#DOGE ) has fluctuated by 6% between $0.198 and $0.211. At 2 PM, the trading volume suddenly surged to $877.9 million, almost four times the average daily trading volume! However, the price encountered strong resistance around $0.205, leading to signs of a crash in mid-term trading.

Dogecoin attempted to find support between $0.198 and $0.199, but the buying pressure for a rebound remained quite weak. In the last hour, the trading volume exceeded 19 million, and the price dropped to $0.1975, forming local resistance around $0.1988.

Unless Dogecoin can return to $0.205 with strong trading volume, the downward pressure remains significant, and it may continue to weaken in the short term. Investors should pay close attention to changes in trading volume and key price levels, and operate cautiously!