$DOGE #Dogecoin Price Rejection From $0.24–$0.25 Supply Zone Shows Bears Are Taking Over

Dogecoin ($DOGE) is facing renewed bearish pressure after a sharp rejection from the key supply zone between $0.24 and $0.25. This area, which previously acted as resistance during early 2024 rallies, has once again proven difficult to break.

Despite recent bullish momentum across the broader crypto market, DOGE struggled to maintain gains above $0.24. Multiple attempts to breach this level have been met with strong sell-offs, indicating a significant presence of sellers and profit-takers in this range.

Technical indicators now lean bearish:

RSI is trending downward, suggesting fading bullish momentum.

Volume spikes during rejections point to aggressive selling.

Price has dropped below key short-term moving averages, signaling a potential trend reversal.

Unless bulls reclaim the $0.25 level with strong volume and confirmation, Dogecoin may continue to retrace, with potential support zones near $0.21 and $0.19.

This rejection highlights a critical shift in market sentiment — bears are regaining control in the short term. Traders should exercise caution and watch for confirmation signals before considering long positions.

Stay tuned for more updates as this unfolds.

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