Dogecoin is testing the weekly EMA support.

Dogecoin Decline Continues

Dogecoin experienced a decline of %5.5 during European trading hours, dropping to $0.1730. With this move, it fell below the critical $0.1720 level.

The decline occurred with a significant increase in trading volume, reaching 500.6 million tokens, which is noticeably higher than the average of the past 24 hours.

Meanwhile, despite efforts to stabilize Dogecoin's price, it remains exposed to further decline risks without sustained buying support.