Dogecoin is testing the weekly EMA support.

Dogecoin's Decline Continues

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

The decline occurred with a strong trading volume increase of 500.6 million tokens, significantly higher than the average of the last 24 hours.

On the other hand, despite Dogecoin's attempts to stabilize its price, it remains vulnerable to further declines without sustained buying support.