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📉 The Dogecoin price struggles to break free
The Dogecoin price has been facing an uphill battle, stuck in a tight trading range as buyers struggle to regain control. After a brief uptick, DOGE has been slipping under key resistance levels at $0.26, unable to sustain any real momentum. Analysts are now warning that without a strong bullish push, the Dogecoin price could face a sharp drop.
Recent market movements have shown DOGE bouncing between support and resistance, but each rally is met with selling pressure. Whale activity has also declined, signaling reduced confidence from big investors. Unlike its early days when hype alone drove prices, Dogecoin now needs serious catalysts to break out.
Unfortunately, those catalysts seem to be missing, with trading volume dropping and market sentiment leaning bearish. With weaker demand, the Dogecoin price could tumble to a level that would wipe out most of its recent gains.
#DOGE