Dogecoin price analysis (Bearish) — 0.15 USDT (-5.03% 24h)

DOGE is showing concerning technical weakness as it trades at $0.153, down over 5% in the past 24 hours. The cryptocurrency has broken below both its 20-day SMA ($0.155) and 50-day SMA ($0.158), indicating sustained bearish momentum. With RSI sitting at 38, DOGE is approaching oversold territory but hasn’t reached extreme levels yet. The 4.28% volatility reading suggests continued price swings are likely. Trading volume remains substantial at $301 million, indicating active participation in this downturn. For traders, current levels might present a potential bounce opportunity given the approaching oversold conditions, but any long positions should be approached cautiously with tight stop-losses below $0.148. Resistance now sits at the $0.155-0.158 zone where the moving averages converge. The breakdown below key technical levels suggests the path of least resistance remains downward until DOGE can reclaim the $0.158 level convincingly.