DOGE Price Breaks Key Support as Selling Pressure Intensifies: Market Analysis

Dogecoin (DOGE) has decisively exited its recent consolidation range, moving lower as significant selling pressure emerges at crucial technical levels. Market data indicates that bears have gained control, pushing the price below a vital support zone that had held for an extended period. This breakdown suggests a potential shift in market structure, with increased volatility likely in the near term. Analysts are closely monitoring the next major support levels for DOGE, as the current momentum favors sellers. The increased volume accompanying the move confirms the strength of the selling pressure. Traders are advised to watch for any potential rebound or further continuation of the downtrend, with key resistance levels now acting as barriers for any recovery attempt.