🎁 12th Anniversary Celebration – Reward Distribution Notification
🎊 Congratulations to all winners! Rewards have been sent to your Gate accounts. Please check your balances
Note:
- In regions where shipping isn’t available, physical merch will be converted to equivalent vouchers — please be patient;
- If an item is out of stock, it will be substituted with merch of equal value.
🚀 Thank you for your support! Stay tuned for more exciting events
Dogecoin Struggles to Reclaim $0.19 Threshold as Bearish Sentiment Persists
Dogecoin DOGE fell as much as 4.3% over the past 24 hours, dropping from $0.196 to $0.189 as profit-taking continues across majors.
The meme-inspired token broke below key support at $0.194 during heavy selling between 11:00-14:00, establishing a new resistance zone while finding a temporary bottom at $0.187.
News Background
Price-Action
According to CoinDesk Research’s technical analysis model, DOGE’s price action now consolidates between $0.188 and $0.190, with some technical indicators suggesting potential exhaustion of sellers after the high-volume flush at the $0.187 level.
Analysts are watching the descending triangle pattern forming on the charts, as its resolution could dictate DOGE’s next move.
While some traders have noted a series of higher lows after DOGE hit $0.188 around 01:50, any recovery attempts have so far lacked conviction. The token’s inability to reclaim the $0.19 threshold underscores persistent market caution, particularly with broader risk assets under pressure from ongoing trade disputes and inflation concerns.
Technical Analysis Recap
Disclaimer: Portions of this article were generated with the assistance of AI tools and reviewed by CoinDesk’s editorial team for accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
View Comments