Dogecoin began to move downward after losing the level of $0.124.

Dogecoin Price Latest Status

Dogecoin has gained approximately 0.6% in the last 24 hours, but the sentiment in the broader cryptocurrency market continues to be a major factor influencing price movements. Without being tied to cryptocurrency-specific news, the overall market sentiment is affecting Dogecoin's price.

Late in the day, the selling pressure pushed DOGE below the short-term support level of $0.1243. This has caused that level to become a resistance in the near term, indicating that upward momentum is weakening on the charts.

Investors predict that Dogecoin will move within a narrow range as long as the $0.1222 level is maintained. If the price drops below $0.12, this will be seen as a potential trigger for a deeper pullback. On the other hand, reclaiming the $0.1243 level would pave the way for a test of $0.1255.