Dogecoin (DOGE) has fallen below the key 100-day EMA level at $0.0816, a support it had not tested since May. DOGE is currently trading around $0.0808, forming a compressed support zone between $0.080 and $0.082. This invalidation follows a failed August rebound that had pushed the cryptocurrency from $0.07 to $0.094 before a rejection at the 200-day EMA. The RSI indicator has dropped to 51, showing that bullish momentum has largely evaporated. A close below $0.08 would significantly increase the risk of a return to the summer consolidation zone between $0.069 and $0.072.
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