Dogecoin (DOGE) Price Drops 10% Amid Rising Selling Pressure

Dogecoin Price Falls 10%, Showing Bearish Trend

Dogecoin's price has experienced a 10% decline in the last 24 hours, indicating a bearish momentum. This movement has broken through a crucial support level of $0.22136.

Technical Indicators Signal Bearish Dominance

• The RSI curve is below 30, indicating bearish dominance.
• The MACD has formed a death crossover, further suggesting a potential price drop.

Current Market Situation

As of current market data, Dogecoin is trading at $0.20494 with an intraday loss of 10%. The 24-hour trading volume is $2.7 billion.

Community Sentiment and Price Outlook

Community sentiment remains predominantly bullish (86%), but there is a 14% bearish bias. Dogecoin's price may continue to decline if the bears maintain control.

Potential Support and Resistance Levels

• Support: $0.18271, $0.14690
• Resistance: $0.2596

Trading View Technical Summary

• 15 out of 25 indicators suggest a sell signal.
• 10 indicators are neutral.
• 0 indicators indicate a buy signal.

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