Dogecoin Struggles at $0.18 Resistance, Facing Further Downside Risk 📉
Dogecoin (DOGE) is under pressure as it fails to break past the pivotal $0.18 resistance level. Despite multiple attempts, the asset faces strong selling pressure, hindering any significant rally. This ongoing resistance signals a diminishing market strength, increasing the prospects for further declines.
The $0.18 resistance acts as a formidable barrier, with each approach triggering sell-offs. The lack of robust buying support at current levels showcases overall market frailty, complicating DOGE's attempt to regain bullish momentum. If the price continues to struggle at this threshold, downside risks persist, and the bearish outlook could prevail.
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