Dogecoin (DOGE) is currently priced at $0.09964, experiencing a 2.42% decline over the past day. The cryptocurrency has shown volatility, briefly surpassing $0.10 before retreating. Despite a 3.77% gain over the past week, Dogecoin's broader trend remains downward, with a 27.69% drop over the last 30 days and a 38.38% decline over 90 days. The 24-hour trading volume stands at $295.85 million, while futures volume is significantly higher at $2.33 billion, indicating aggressive derivatives market activity.
Dogecoin is testing resistance at $0.11483, as indicated by the Supertrend indicator, which signals bearish momentum. If DOGE breaks this resistance, it could target $0.125, but failure to do so may lead to further declines, with support at $0.095. Analyst Trader Tardigrade notes that Dogecoin has maintained a bullish structure above its descending trendline but requires stronger momentum and volume to confirm a breakout. His target for a potential rally is $0.146.
Dogecoin Faces Key Resistance at $0.115 Amid Volatile Trading
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