Dogecoin's price has slipped below $0.18, breaking critical support as profit-taking intensifies among holders. Technical indicators point to continued downward momentum, with the next support near $0.157. A rebound above $0.181 could spark a short-term rally, but bearish sentiment currently dominates the market outlook.

While Dogecoin trades under $0.180 and faces persistent selling pressure, on-chain data suggests some investors are accumulating. The Network Value to Transactions Signal indicates undervaluation, and exchange net positions turned negative in early June. However, technical resistance remains strong, and further declines toward $0.17 are possible if sentiment fails to improve.

Dogecoin is hovering near crucial demand zones, with prices fluctuating around $0.171–$0.176. Bulls eye a possible bounce from these levels, but downside risks persist if support fails. Momentum indicators show mixed signals, making the next few sessions pivotal for determining whether a reversal or further decline will unfold.