The cryptocurrency Dogecoin (DOGE) has seen a 3% drop in the past 24 hours, accompanied by a 36% decrease in trading volume. Despite Neptune Digital Assets purchasing $370,000 worth of DOGE, the price remains below $0.33 and is struggling to gain bullish momentum. Technical analysis using the Ichimoku Cloud suggests continued downward pressure, as DOGE trades below the cloud with strong resistance ahead. The lagging span remains below price action, reinforcing the bearish trend. The BBTrend indicator shows slight recovery in selling pressure, but the overall trend remains negative. The Exponential Moving Averages indicate a strong downtrend, with a possible test of $0.20 if bearish momentum persists. However, a reversal could see DOGE reclaim $0.30 and potentially reach $0.40, representing a 54% upside. Currently, the bullish momentum is weak, leaving DOGE vulnerable to further declines.



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