Dogecoin is currently priced at 0.3542 USD, down 3.33%. Analysts observe a falling wedge pattern, which usually indicates a price surge if the critical resistance at 0.39 USD is broken.
Despite 101,000 daily active addresses indicating steady user interest, the 62,355 transactions recorded and the 32.4% MVRV Long/Short Difference signal bearish pressure, implying potential challenges for a bullish breakout.