Over 10 billion Dogecoins changed hands within a single day, sparking intense speculation in the crypto community. What drove this massive activity? Is it the work of big investors or a frenzy among everyday traders? Dive into the details to uncover the forces behind this surge and discover which coins might be poised for a breakout. Dogecoin Struggles as Bears Keep Bulls at Bay Source: tradingview Dogecoin (DOGE) is hovering between 16 and 20 cents, showing more weakness than strength. Bears seem to have the upper hand, with the price dipping nearly 8% over the last week and losing a quarter of its value in a month. The RSI is under 50, signaling more sellers than buyers. For now, Dogecoin faces resistance at 22 cents, and a stronger barrier at 26 cents. On the downside, support is present at 15 cents, offering some price cushioning. To ignite a rally, Dogecoin would need a boost of over 30% to break the first resistance level. However, a glance at the last six months reveals a challenging road ahead. Conclusion Despite the spike in trading volume, Dogecoin’s price remains stuck in a bearish zone, with resistance levels keeping bulls in check. Still, this kind of activity rarely goes unnoticed for long. If buying pressure mounts and key resistance levels break, DOGE could surprise skeptics with a sharp rebound. Whether this is the calm before a meme coin revival or just another blip in the chart—one thing’s for sure: the DOGE narrative is far from over. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
