Dogecoin has generally tracked the trajectory of other altcoins against Bitcoin, showing deeper declines.
Bitguru, in a post on X, notes where DOGE stands and what could shape its next move.
That hinges on a critical level at 0.166 that could send the price in either direction, a point where bulls and bears are now contending for control.
The crypto analyst notes that DOGE has been in a clear downtrend, with little indication of an imminent reversal.
Sideways movement has persisted, and catalysts for a rally have yet to emerge.
Dogecoin then faced rejection at $0.1823, a major high for the asset, which strengthens the bearish push toward the 0.166 area.
As a result, sellers have regained the upper hand as the price drifts toward 0.166.
The 0.166 level sits above the nearby support near 0.16, underscoring that bulls must reclaim and defend it.
Should the lower highs persist, DOGE could slip further rather than staging a rapid rebound, with support near 0.16 acting as a key anchor.

SPONSORED

Leave a Reply

Sponsored

More Articles

Trending

Discover more from Rich by Coin

Subscribe now to keep reading and get access to the full archive.

Continue reading