Dogecoin (DOGE) is approaching a vital worth zone close to $0.152 that will decide its subsequent main transfer. Regardless of its continued downtrend, the meme coin is displaying early indicators of stabilization. DOGE has been buying and selling inside a narrowing vary, with decrease highs forming over the previous few weeks. The latest rejection close to the 200 EMA in early June confirmed bearish dominance, sending the worth again towards the $0.160–$0.150 accumulation space.
This $0.152 degree has historic significance, aligning with consolidation phases from late March and early April. Holding above this zone might sign that sellers are shedding momentum, opening the door to a short-term restoration. If DOGE can construct quantity and reclaim short-term shifting averages, a possible transfer towards the 100 EMA at $0.19 might materialize.
Nevertheless, technical indicators nonetheless counsel warning. The RSI hovers round 37, reflecting weak momentum, and quantity stays subdued, highlighting a scarcity of robust purchaser curiosity. Dogecoin’s latest conduct resembles that of a low-volatility asset, missing the speculative hype that beforehand drove its worth spikes. And not using a clear catalyst, the default pattern stays bearish.
The approaching days are important. If DOGE can defend the $0.152 degree with rising buying and selling exercise, a reduction rally could comply with. Failure to carry this assist might result in a drop towards the following key zone close to $0.13, the place historic assist lies. For now, merchants ought to watch quantity and worth motion carefully to gauge whether or not Dogecoin is establishing for a reversal or additional draw back.
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