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.

Dogecoin Price Could Bounce Very Quickly If This Happens At 0.166
Key level at 0.166 could determine the next move for DOGE amid a downtrend

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