Jan 30, 2026
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BEARISH 📉 : Dogecoin faces further decline amid ongoing bearish trend
The price of Dogecoin is under pressure, and analysts warn it may face further declines. The meme coin has struggled to break key resistance levels, maintaining a bearish trend.
Key Points on Dogecoin's Downtrend
- Dogecoin's failure to break resistance levels continues to apply selling pressure.
- A descending channel pattern suggests more downside unless a breakout occurs.
- Analyst KrissPax highlights potential for further decline without a bullish catalyst.
- Recent consolidation between $0.12-$0.14 indicates possible base formation.
- A breakout above the upper trendline could signal a change in trend.
Current Price Action
- Dogecoin's price corrected over 3% in the last 24 hours.
- Daily, weekly, and monthly performances show a downward trend.
- If trends persist, January could continue the downtrend from late 2025.
- Market capitalization and trading volume have both declined by over 3% and 2.5%, respectively.