Dogecoin Struggles at $0.155 as Bearish Trend and Weak Volume Persist

Dogecoin (DOGE) is struggling to regain momentum as bearish pressure mounts. Currently trading near $0.155, the once-popular meme coin remains in a prolonged downtrend. Since its last major rally in late 2024, DOGE has consistently posted lower highs and failed to break above key technical indicators such as the 50-day and 100-day exponential moving averages (EMAs). These levels now serve as strong resistance amid weakening market conditions.

Investor sentiment has cooled significantly, with daily trading volume showing a steady decline. Technical indicators further confirm the downtrend. The relative strength index (RSI) hovers just above 40, well below the neutral 50 level, signaling ongoing bearish momentum. Meanwhile, price consolidation around $0.145—just above a key support level—shows signs of vulnerability. Without a notable increase in buying interest or a market catalyst, this support may not hold.

The volume profile is also troubling, indicating that interest in DOGE is waning. For the meme coin to reclaim bullish territory, it would need to break and hold above the $0.165 to $0.18 range, supported by a significant spike in volume. Until then, Dogecoin appears likely to continue its gradual decline or remain stuck in a low-volatility range.

With investor confidence eroding and no immediate catalysts on the horizon, DOGE's outlook remains bearish. Unless market dynamics shift, more traders may exit positions, adding further pressure to one of the most iconic cryptocurrencies from the previous bull cycle.