Dogecoin price analysis (Neutral) — 0.20 USDT (-2.98% 24h)

DOGE is showing signs of potential exhaustion in its current downtrend, trading at $0.20149 with a 2.99% decline over the past 24 hours. The RSI reading of 34.99 indicates the meme coin is approaching oversold territory, which often precedes a technical bounce. Volume remains substantial at $183 million, suggesting continued trader interest despite the price weakness. DOGE currently trades slightly below both its 20-day SMA ($0.20175) and 50-day SMA ($0.20268), indicating short-term bearish momentum but with key moving averages converging nearby. The 3.09% volatility reading suggests relatively stable conditions for DOGE. Traders should watch for a potential reversal if DOGE can reclaim the $0.202 level with conviction. Consider scaling into long positions on any dips toward $0.195-0.198 support, with stops below $0.193. Resistance awaits at $0.205 and $0.208 levels.