Crash

Flow

Humanity

Convergence

Divergence

<ul>
 <li><strong>The DOGE price is currently holding near $0.16.</strong></li>
 <li><strong>Daily trading volume has dropped by 56%.</strong></li>
</ul>
<p>As a relief amid the tough bearish hold, the crypto market has spiked briefly. It has resulted in a modest green light across the assets, attempting to reclaim the recent gains. Meanwhile, the market cap of the meme coin is settled at $53.7 billion, after a 1.8% spike. Particularly, the dog-themed Dogecoin (DOGE) price is trading on the downside, losing over 0.05%.&nbsp;</p>
<p>The meme coin’s highest and lowest <a href="https://coinmarketcap.com/currencies/dogecoin/" target="_blank" rel="noopener noreferrer">trading</a> ranges were noted at $0.1685 and $0.1615, respectively. At press time, DOGE traded at $0.1631, with its market cap at $24.77 billion. Moreover, the daily trading volume has dropped by 56.5%, reaching $1.93 billion. The Coinglass <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="noopener noreferrer nofollow">data</a> exhibits that the market has seen a 24-hour liquidation of $4.25 million worth of DOGE.&nbsp;</p>
<p>An <a href="https://x.com/ali_charts/status/1986206391108038847" target="_blank" rel="noopener noreferrer nofollow">analyst chart reports</a> that the TD Sequential indicator on the DOGE chart has triggered a buy signal, suggesting that selling pressure may be exhausted. This appears after a sharp drop, hinting that the asset may have found a local bottom and could be gearing up for a rebound if buyers step in. Also, a strong candle close above resistance would strengthen the bullish case.</p>
<h3 class="wp-block-heading" id="h-where-is-doge-price-heading-next">Where is DOGE Price Heading Next?</h3>
<p>If the bearish pressure gains more strength, the DOGE <a href="https://thenewscrypto.com/momentum-shift-ahead-doge-battles-to-break-free-from-bearish-chains/" target="_blank" rel="noopener noreferrer nofollow">price</a> could steeply fall toward the support at $0.1621. An extended correction on the downside might initiate the death cross, and push it to a low below $0.1610. On the recovery side, the meme coin could immediately rise and find the <a href="https://thenewscrypto.com/can-doge-smash-0-29-channel-rebound-fuels-optimism/" target="_blank" rel="noopener noreferrer nofollow">resistance</a> at the $0.1641 level. ​With the potent bullish pressure, a golden cross might likely emerge, eventually sending the DOGE price above $0.1651.&nbsp;</p>
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<p>The Moving Average Convergence Divergence (MACD) line and the signal line of DOGE are found below the zero line. It points out the overall bearish phase. Even with a short-term crossover, the long-term trend remains weak. Besides, the Chaikin Money Flow (CMF) indicator of the meme coin at 0.14 hints at a moderate buying pressure in the market. As the value is above 0, more money is flowing into the asset than out, but not extremely strongly.&nbsp;</p>
<p>Furthermore, the meme coin’s Bull Bear Power (BBP) reading of -0.00509 shows slight <a href="https://in.tradingview.com/chart/AHwivr5C/?symbol=BINANCE%3ADOGEUSDT" target="_blank" rel="noopener noreferrer nofollow">bearish dominance</a> in the market, and the price is trading below. The number is very small; it reflects that the bearish strength is weak. DOGE’s daily Relative Strength Index (RSI) resting at 38.39 implies its bearish zone. Notably, the selling pressure is still stronger than the buying pressure. It is not oversold yet, but it is getting closer to it.</p>

Momentum Missing: Can DOGE Wake the Bulls Before It Slides Below $0.10?

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