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.
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Leader in crypto news, award winning journalism in 26 languages.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.