Dogecoin Bulls Lose Steam as Price Rejected at Resistance Zone

Dogecoin (DOGE) is showing signs of weakening momentum on the daily chart, with technical indicators suggesting a potential shift in market sentiment. The price recently failed to break through the $0.1949 resistance level, and bearish signals are emerging as the MACD histogram contracts and RSI turns downward from neutral territory.

Support levels around $0.175 and $0.171 are currently holding, but a breakdown below these zones could lead to increased selling pressure. Meanwhile, the flattening EMAs indicate a possible consolidation phase or early trend reversal.

Traders should watch for a confirmed breakout above $0.1949 to reestablish bullish momentum, or a close below $0.171 to validate bearish continuation. This analysis highlights the importance of key levels and indicator trends for informed decision-making in volatile markets.

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Read the full analysis: www.ecoinimist.com/2025/06/12/dogecoin-bulls-lose-steam-price-rejected