Dogecoin is trading at $0.149, sitting just below the $0.151 resistance. The meme coin remains trapped under a persistent downtrend that has lasted nearly a month, with little evidence of a breakout forming.
Given the weak ETF inflows and bearish on-chain signals, breaking above this downtrend could be difficult. DOGE may continue oscillating under the trendline and could fall toward $0.142 if selling pressure increases.
If Dogecoin manages to attract fresh demand, however, the picture changes. A decisive breach of the downtrend could push the price above $0.162 and potentially toward $0.175. This would invalidating the bearish thesis and setting the stage for renewed momentum.
Given the weak ETF inflows and bearish on-chain signals, breaking above this downtrend could be difficult. DOGE may continue oscillating under the trendline and could fall toward $0.142 if selling pressure increases.
If Dogecoin manages to attract fresh demand, however, the picture changes. A decisive breach of the downtrend could push the price above $0.162 and potentially toward $0.175. This would invalidating the bearish thesis and setting the stage for renewed momentum.
Leader in crypto news, award winning journalism in 26 languages.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Leader in crypto news, award winning journalism in 26 languages.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.