Dogecoin Price Under Pressure from Bearish Trend

The Dogecoin price has been under pressure in recent days due to a bearish trend, low volatility, and a risk-averse market. According to technical analysis, the cryptocurrency is currently trading below key EMAs and is being compressed around a support area near $0.09.

The dominant force in the market right now is a bearish trend with low volatility, which can lead to either a grind down into fresh lows or a sharp mean-reversion bounce once sellers exhaust. The daily chart shows that DOGE is trading below all three EMAs, and those EMAs are stacked bearishly (20 < 50 < 200).

The market is valuing Dogecoin at a discount to its recent and long-term averages, which is classic downtrend behavior. Until price can reclaim at least the 20-day EMA around $0.10, any bounce is just a rally inside a broader bearish structure.