#DOGE has remained weak recently, with the price currently around $0.0694 and fluctuating around the key support level of $0.07. DOGE previously fell as low as $0.0672 before rebounding toward the support zone.
It is worth noting that $0.07 also served as support in late August, when increased buying drove a rebound in DOGE. However, it remains to be seen whether the price can hold this level again.
According to technical indicators, DOGE is still below all major moving averages. The nearest moving average is around $0.0765, indicating notable selling pressure overhead and making a short-term rebound difficult.
At the same time, DOGE's trading volume has declined, and its RSI is around 35. This suggests that buying pressure is weak and the price is relatively subdued, though there is no clear reversal signal yet.
Additionally, Dogecoin recently updated the testnet infrastructure for the L2Reth protocol, improving the stability of node restarts, data recovery, and deployment configurations, which should help make network operations more reliable.
It is worth noting that $0.07 also served as support in late August, when increased buying drove a rebound in DOGE. However, it remains to be seen whether the price can hold this level again.
According to technical indicators, DOGE is still below all major moving averages. The nearest moving average is around $0.0765, indicating notable selling pressure overhead and making a short-term rebound difficult.
At the same time, DOGE's trading volume has declined, and its RSI is around 35. This suggests that buying pressure is weak and the price is relatively subdued, though there is no clear reversal signal yet.
Additionally, Dogecoin recently updated the testnet infrastructure for the L2Reth protocol, improving the stability of node restarts, data recovery, and deployment configurations, which should help make network operations more reliable.