Dogecoin’s 5% Meltdown: Will It Recover? 🐕💸

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 Dogecoin declines more than 5 percent, as it tests key weekly EMA support at around 0.16 with heavy volume and bearish pressure in November 2025. 🤡

Dogecoin suffered a sharp 5.5% decline on Tuesday, declining between $0.1831 and $0.1730 in European trading.  The fall closed under the crucial support of 0.1720 on rising volume, with a volume of 500.6 million tokens, -77 percent above the daily average. 📉

This selling spurt put the cryptocurrency under strain in the London session, indicating fading strength and the ability of Dogecoin to withstand its long-term technical support.​ 😭

The price movement validated a typical lower-high, lower-low trend in a constricted range of $0.0121. 🧠

Although buyers tried to stabilize at the level of about 0.1719, short-term reversals were immediately countered by quick selling, implying that the buying was not an accumulation but a distribution. 🧨

The high level of token activity during the recovery period also indicates the possibility of seller dominance.​ 🚨

Bears Challenge Crucial Weekly EMA Milestone

The market is currently concentrating on a weekly 200-exponential moving average (EMA) of about 0.16, which is one of the structural supports of Dogecoin. 🧱

This line in the sand has withstood six tests since this time last summer, and which would have defined the limits between a cyclical pullback and a more lasting reversal on the trend. 🧪

A clear close below 0.17 would enhance the bearishness, and a defence above 0.1720 might enable the consolidation or a rebound to reach 0.1760. 🔄

Technical indicators indicate bearish power where the hourly Relative Strength Index (RSI) stands at around 38, which implies mild oversold states but no capitulation at this point. 🧘‍♂️

The lack of underlying drivers highlights only technical processes that help to sustain the downwards trend that has been observed since the beginning of November. 🧼

Next Moves: Support Holds or Further Decline?

The traders observe the $0.1719 support cluster, which is fragile. Temporary reduction in volumes of sales gives the market a hint of exhaustion and no follow-through buying force. 🧙‍♀️

The inability to maintain this level exposes the lower support of the 0.1650 to 0.16005 range, where the weekly EMA offers final structural support. 🧱

The institutional order flow indicates that it is not a matter of panic selling but systematic de-risking and creating time to allow technical recovery in case the pressure drops. 🧠

The direction in which the market will move immediately will be determined by whether or not $0.17 can withstand the current bearish market. 🧢

Devoid of regular purchases, Dogecoin will be in danger of another fall, further heating the competition at a critical crossroads point. 🚨

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2025-11-13 22:45