DOGE Price Forms Bearish Pattern as Key $0.17 Resistance Holds Strong

Dogecoin (DOGE) has established a concerning technical pattern with consecutive lower lows, indicating sustained selling pressure. The cryptocurrency continues to face significant resistance at the $0.17 price level, which has proven to be a formidable barrier for bulls. Market analysts note this pattern suggests potential further downside if DOGE fails to reclaim this critical resistance zone in the near term. The current price action reflects ongoing consolidation with bearish momentum as traders monitor for any breakout signals.