Dogecoin experienced a significant decline, falling 5.5% to $0.1730 on November 13, as bears tested the weekly EMA support. The cryptocurrency broke below the $0.1720 level during the London session, confirming a lower-high, lower-low pattern. Trading volume surged to 500.6 million tokens, marking a 77% increase above the 24-hour average.
The sell-off intensified at 14:00 GMT, with sellers driving the price through multiple support levels before it stabilized near $0.1719. This zone has absorbed several retests, forming a tentative base that could influence Dogecoin's next directional move.
Dogecoin Drops 5.5% Amid Heavy Selling Pressure
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