The article discusses the current state of Dogecoin (DOGE) amidst a declining crypto market. Technical indicators suggest that DOGE may be poised for a reversal after dropping 4.08% overall and experiencing a minor consolidation phase. The recent surge in supply has raised concerns among holders, but the 4-hour RSI is showing a bullish divergence. The MVRV ratio for DOGE is currently negative, indicating potential buying opportunities. With the possibility of a rebound, DOGE could face resistance at the $0.35 and $0.40 marks, while a bearish trend could revisit the support zone at $0.30.



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