Dogecoin Tries to Recover $0.19 Level Despite Bearish Sentiment Continues
Shaurya Malwa, CD Analytics | Edited by Parikshit Mishra Jun 5, 2025 6:02 AM
Dogecoin Over the past 24 hours, the price has fallen 4.3%, falling from $0.196 to $0.189, as leading cryptocurrencies continue to take profits.
The meme-based token broke below key support at $0.194 during heavy selling from 11:00 AM to 2:00 PM, creating a new resistance zone and reaching a temporary bottom at $0.187.
News context
Price dynamics
According to technical analysis from CoinDesk Research, DOGE price action is currently consolidating between $0.188 and $0.190, with some technical indicators pointing to possible seller exhaustion after significant selling volumes at $0.187.
Analysts are watching the formation of a descending triangle on the charts, as its resolution could determine the next move for DOGE.
While some traders have noted a series of higher lows since DOGE hit $0.188 around 1:50 a.m., any recovery attempts have so far been unconvincing. The token’s failure to reclaim the $0.19 level highlights the market’s continued wariness, especially with broader risk assets under pressure from ongoing trade disputes and inflation concerns.
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