$DOGE
🚨Dogecoin drags after its downfall🚨
Dogecoin is up nearly 1% at press time on Friday, consolidating above $0.1200 after a drop of over 4% so far this week. The meme coin trades below the declining 50-day and 200-day Exponential Moving Averages (EMAs), reinforcing the bearish bias.
If DOGE slips below the $0.1161 support marked by the December 31 low, it would risk further downside toward the October 10 low at $0.0950.
The technical indicators on the daily chart corroborate the downside bias, as the Relative Strength Index (RSI) at 40 remains below the midline, and the Moving Average Convergence Divergence (MACD) sustains the sell signal and crosses below the zero line.
On the upside, a potential rebound could test the $0.1332 support-turned-resistance level marked by the November 21 low.