#DOGE# DOGE is currently showing a clear falling trend.

From the market news perspective, there is a lack of enthusiasm, trading volume is obviously insufficient, making it difficult to form effective support for prices in the short term, which instead exacerbates the selling pressure.
It is worth noting that although there were signs of large investors entering the market in early June, the price still failed to firmly hold above the $0.20 mark, and instead experienced a breakdown and fall, which may suggest that some funds took the opportunity to sell off in light of favorable news.
The performance on the technical level is more evident, with the four-hour K-line chart showing a typical staircase-like downward trend, gradually declining from $0.23206 to $0.19105, with highs continuously decreasing and lows being constantly breached, and lacking effective rebound strength. Currently, the price is hovering around $0.19092, just a step away from the previous low of $0.16778.
The Bollinger Bands indicator shows that the band mouth is obviously moving downward, the price is close to the lower band for a long time, and the middle band is downward, reflecting that the downward momentum is accelerating. At the same time, the MACD indicator has confirmed the formation of a dead cross, and the DIFF value of (0.00209) is lower than the DEA value of (0.00268), which further verifies the dominance of bearish power.
Under the dual pressure of current technical and fundamental factors, DOGE may continue to face downward risks in the short term.