Dogecoin (dog) trades at a key level of demand after two weeks of intensive sales pressure, and bears reduced the dog by over 30%. The wider cryptographic market stood a prolonged correction, which began in mid -January, but the meme coins were most affected. As a market leader in the Memem sector, Dogecoin suffered extreme volatility, testing lower support levels, because the mood of investors remains bear.

Glassnode indicators on the chain reveal that long -term Dogecoin owners are in “denial”, signaling the growing uncertainty among those who kept the dog for a long time. The indicator of the long -term Doge owner unrealized profit/loss (NUPL) is in a decreasing trend, which means that many long -term owners see decreasing unrealized profits, and even slip losses. This trend suggests that owners who once remained sure of the long -term potential of Dogecoin are now facing market doubts and may consider sales if the conditions do not improve.

Because Doge trades near key support, the next few days will be of key importance to determining whether Bulls can regain control and pressed on recovery, or whether sales pressure will continue, forcing the dog to deeper correction territory. Bitcoin and the entire market are established by fresh minima, and this week they will be crucial for bulls to defend key demand at these levels.

Dogecoin failures: Can Bulls recover control?

Dogecoin has experienced a huge sale, falling by over 59% from the highest level of December about USD 0.48 until the recent lowest level 0.19 USD. This dramatic decline fueled panic on the market, and the sentiments have worsened further, because many analysts begin to call to start a bear. The worry has weakened the trust of investors, and meme coins – in the hottest sector on the market – are currently in the face of the most complex corrections.

Despite the constant decline, the data on the chain suggests that not all hope is lost to the dog. Ali Martinez’s cryptographic analyst made available Glassnode indicators This long -term Dogecoin owners are in “denial”, according to the Doge indicator of the long -term owner of unrealized profit/loss (NUPL).

These data suggest that many long -term investors still keep their dog despite the deterioration of the economic situation, but they begin to get tired of the prolonged pit. Historically, such “phases of refusal” may precede the final surrender or robust reflection if Bulls regains control.

The upcoming week will be of key importance to determining whether Dogecoin can affect the current levels, or whether sellers will continue to dominate. If the dog manages to maintain key levels of support and recover the momentum, the relief rally may be noticeable. However, if the pressure for sale is maintained, the price can be continued down, increasing the correction.

Dogecoin price fights after a 19% inheritance

Dogecoin trads $ 0.21 after a keen $ 19% inheritance from Monday, continuing its trajectory down among the wider weakness of the market. The meme coin sector has been one of the most complex hits in recent weeks, and Doge tries to find robust support because sales pressure remains dominant.

Bulls are now facing a critical test, because keeping the current levels is necessary to avoid further decline. To initiate a recovery rally, the dog must recover the 0.24 USD sign, a key level of resistance that can signal the beginning of the upward trend. However, market moods remain cautious, and the price action suggests that Doge can enter the consolidation phase below this level before any significant recovery begins.

If Dogecoin does not maintain above 0.21 USD, Bears can still lower the price by potentially visiting previous support levels. However, if the buyer enters and the dog stabilizes, this may raise the momentum for future pressure on higher prices. In a brief period, traders should carefully observe whether bulls can defend the current demand levels and regain key resistance levels to confirm the potential reversal of the price.

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