Dogecoin Struggles at $0.18 Resistance, Facing Further Downside Risk

Dogecoin (DOGE) is under pressure as it repeatedly fails to break past the critical $0.18 resistance level. Despite multiple attempts, the asset faces strong selling pressure, preventing any sustained rally. This persistent rejection signals a weakening market, increasing the likelihood of further declines.

The $0.18 resistance has become a key barrier, with each approach triggering sell-offs. The lack of strong buying support at current levels reflects overall market weakness, making it difficult for DOGE to regain bullish momentum. If the price fails to push higher, downside risks remain, with key support levels at $0.16 and a deeper decline possible toward $0.14.

Adding to Dogecoin’s struggles, a death cross—a bearish technical pattern where the short-term moving average falls below the long-term moving average—is reinforcing negative sentiment. This pattern typically signals extended downtrends and weak recovery attempts. Unless DOGE finds strong buying interest, it may continue to face downward pressure.

Investors are closely watching whether DOGE can reclaim higher levels or if the persistent resistance will lead to further sell-offs. A decisive move past $0.18 could revive bullish momentum, while failure to hold above $0.16 may trigger a deeper correction.