DOGE Price Takes a Hit Amid Broader Crypto Market Pressure

The DOGE price has been affected by the bearish sentiment in the broader crypto market. The meme coin's price dropped by 3% to $0.089, with its trading volume up by 13.20%. The DOGE market cap has slipped by 4% to $32.2 billion.

The Moving Average Convergence Divergence (MACD) and signal lines of DOGE are settled below the zero line, indicating bearish momentum. The Chaikin Money Flow (CMF) indicator is also negative at -0.18, suggesting strong selling pressure in the DOGE market.

Furthermore, the daily Relative Strength Index (RSI) of DOGE is 39.54, implying weak sentiment with a bearish bias. If the RSI drops closer to 30, it may strengthen the bearish momentum. The Bull Bear Power (BBP) reading is -0.00314, indicating very weak bearish strength.