Dogecoin Price Analysis: DOGE Tests Critical EMA Support Amid 5% Market Decline

Dogecoin (DOGE) is currently testing crucial weekly exponential moving average (EMA) support levels as bearish pressure drives a 5% price decline. The cryptocurrency market shows increased selling activity with DOGE struggling to maintain key technical support. Market analysts are closely monitoring whether DOGE can hold these important EMA levels or if further downside movement is imminent. The current price action suggests continued bearish dominance in the short-term trading perspective.