$DOGE Dogecoin and Price Analysis: Bears in Control, but Signs of Recovery Emerge

Dogecoin (DOGE) has been on a steady downtrend since peaking at $0.206 on June 11, with sellers dominating the market and pushing the meme coin to multi-week lows. However, a slight recovery in the current session suggests that bulls may be preparing to regain control.

Last weekend saw DOGE tumble to a low of $0.170 before closing at $0.180, ending the week with a marginal loss. Bearish momentum persisted into the weekend, with DOGE slipping 1.22% on Saturday and 1.57% on Sunday, closing at $0.175.

Monday brought a temporary bounce to an intraday high of $0.181, but the move quickly faded, with DOGE dropping 1.31% to settle at $0.173. Tuesday extended the downtrend, with a 2.08% drop taking DOGE to $0.169.

Despite heavy selling, Wednesday saw a minor bounce as DOGE reclaimed $0.170, but bears returned on Thursday, pushing the price slightly lower. The sharpest declines came on Friday, when DOGE slid nearly 5% to $0.162, followed by another 4.87% drop on Saturday to $0.154.

On Sunday, DOGE hit a new intraday low of $0.142 before bouncing back to close at $0.151, still down almost 2% for the day. However, early signs of recovery are showing in the current session, with DOGE up 1.58%, trading near $0.153.

Key Takeaways:

Downtrend since June 11 high of $0.206

Support emerging near $0.142–$0.150

Short-term resistance around $0.160–$0.165

Current bounce could gain traction if DOGE holds above $0.150

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