Dogecoin has experienced a significant decrease of nearly 25% in the past week, reaching a two-month low. This decline has weakened investor confidence and left DOGE vulnerable to further corrections. The weighted sentiment for Dogecoin has turned negative, leading to bearish outlooks. Without a strong upward push, DOGE holders may continue selling, increasing selling pressure. Additionally, declining liquidity and active addresses may make it difficult for DOGE to sustain buying momentum. However, the Market Value to Realized Value ratio suggests a potential buying opportunity, as it currently sits below the historical opportunity zone. If accumulation increases, DOGE may experience a gradual recovery. The current market signals are mixed, indicating that DOGE may consolidate within a range of $0.220 to $0.268. To regain lost ground, DOGE must break through the $0.268 resistance level and rally towards $0.311. The outcome will depend on whether DOGE can maintain support at the $0.220 level.



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