Dogecoin Struggles as Death Cross Deepens: Key Levels to Watch

Dogecoin (DOGE) is facing increased downward pressure as the death cross formation worsens, pushing prices lower. With short-term moving averages staying below longer-term ones, a swift recovery seems unlikely. Currently, DOGE is caught between two critical levels—$0.14 acting as a crucial support and $0.20 as a key resistance. A drop below $0.14 could lead to further declines due to the absence of strong support levels below this mark.

Despite occasional short-lived rebounds, overall momentum remains bearish. Indicators like the Relative Strength Index (RSI) signal weak buying interest, contributing to continued market struggles. The broader crypto market remains neutral, with meme coins like DOGE and SHIB underperforming due to prevailing risk-off sentiment and a lack of fundamental drivers.

For now, Dogecoin is likely to trade sideways between $0.14 and $0.20. A decisive drop below $0.14 could trigger a slide toward $0.10 if large investors start offloading their holdings. On the bullish side, breaking past $0.20 is essential for DOGE to enter a sustainable uptrend. Until then, traders should closely monitor these price levels as the market navigates ongoing uncertainty.