Dogecoin Price Plummets Below Key Moving Averages

Dogecoin has seen significant price drops in recent weeks, with its current value sitting at $0.09365. This decline is largely attributed to the cryptocurrency trading below key moving averages, including MA-20, MA-50, and MA-200.

As a result, the overall market structure for Dogecoin has become increasingly bearish, with major support at $0.089 and resistance at $0.103. Weekly momentum indicators, such as MACD, ADX, and Bear Power, confirm sellers' dominance, reinforcing the ongoing downtrend.