Will Dogecoin's Price Break $0.185? Here's DOGE's Next Move

Cover image via U.Today

The cryptocurrency market experienced selling pressure early Thursday, with many digital assets trading lower. Major cryptocurrencies declined by as much as 5% as traders booked profits following a rally earlier in the week. Dogecoin (DOGE) saw a notable drop, losing approximately 6% in the past 24 hours.

The market's fluctuating signals are causing uncertainty among traders, who are awaiting clearer directional cues.

At the time of writing, DOGE was down 5.42% over the past 24 hours, trading at $0.172, reflecting the broader market downturn.

Following two consecutive days of gains earlier this week, Dogecoin surpassed its 50-day Simple Moving Average (SMA), a resistance level since December 2024, reaching highs of $0.1855 on Wednesday.

After briefly touching this key resistance, DOGE subsequently declined, hitting intraday lows of $0.169 early Thursday. Previous：Without Next：Without