DOGE at 7-Day Low: Will Bears Dominate or Bulls Make a Comeback?

• DOGE’s bearish trend faces resistance at $0.0612, prompting a dip to a 7-day low.
• Death cross signals on the DOGE market warrant caution for DOGEUSD investors.
• Negative CMF and Stochastic RSI hint at potential DOGE USD market decline.

A bearish trend has been prevalent in the Dogecoin (DOGE) market for the previous 24 hours until support was found at the 7-day low of $0.06055. As a result, bullish momentum reclaimed control of the DOGE market, driving the price to a 24-hour high of $0.0612 before slumping into solid resistance. However, DOGE bulls had retreated at press time, resulting in a 0.02% drop to $0.06084.

During the bull-bear attempts for supremacy, DOGE’s market capitalization and 24-hour trading volume fell by 0.01% and 26.19%, to $8,588,616,300 and $99,088,309, respectively.

If the bears break through the 24-hour low of $0.06055, the next support level to look for is around $0.0602. Conversely, bulls may be able to break over the resistance around $0.0612, with the next target being around $0.0625.

The 20-day moving average (blue) on the DOGEUSD price chart has crossed below the 50-day movin…

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