#DOGE On-chain data continues to cool. According to Blockchair, on-chain transaction volume is down 37% from October, reflecting a clear decline in market participation. For now, this looks more like waning investor interest than concentrated selling.
The technical picture is also weak: a descending channel has formed on the 4-hour chart, and prices remain under pressure.
Key levels:
Resistance: $0.071–$0.073
Key support: $0.067
Downside target: $0.059–$0.060
Keep a close eye on $0.067! Holding above it leaves room for a rebound; a decisive break below could lead to a further drop of around 14%.
The technical picture is also weak: a descending channel has formed on the 4-hour chart, and prices remain under pressure.
Key levels:
Resistance: $0.071–$0.073
Key support: $0.067
Downside target: $0.059–$0.060
Keep a close eye on $0.067! Holding above it leaves room for a rebound; a decisive break below could lead to a further drop of around 14%.
