The price of Dogecoin (DOGE) has remained stagnant in the last 24 hours, with a 3% decrease. Trading volume has also dropped 36% to $1.65 billion despite Neptune Digital Assets buying $370,000 worth of DOGE. The price has been struggling to gain bullish momentum and has been stuck below $0.33 for almost a week. Technical indicators, such as the Ichimoku Cloud and EMA lines, suggest a bearish setup and reinforce downside risks for DOGE. The future cloud is red, indicating continued downward pressure, and the conversion line is moving sideways, suggesting consolidation rather than a trend reversal. The lagging span is below the price action, confirming the downtrend. The BBTrend indicator shows that bearish momentum is weakening slightly, but the overall trend is still bearish. The EMA lines also indicate a bearish outlook, with short-term EMAs below long-term ones. If the negative momentum continues, DOGE could test the $0.20 support level, but if the trend reverses, it could attempt to reclaim resistance at $0.30.



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