Dogecoin Down 5% To 16 Cents As Sellers Crush Every Bounce

Dogecoin (CRYPTO: DOGE) fell almost 5% on Thursday, with price sliding below 16 cents amid heavy selling pressure.

Trendline Resistance Keeps Price Capped

DOGE Price Action (Source: TradingView)

Dogecoin continues to respect the descending trendline from the October high.

Every bounce toward the 20-, 50-, and 100-day EMAs has failed, confirming sellers remain in control.

The token sits inside a broad correction structure with no successful defense of key supports.

Each attempt to reclaim the 20-day EMA has triggered fresh selling.

That pattern reinforces a clear sequence of lower highs and …

Full story available on Benzinga.com