The crypto market witnessed a downturn on Thursday morning, with several digital assets trading in the red. This downtrend is impacting even popular coins like Dogecoin (DOGE), which experienced a 6% decline over the past 24 hours, as traders took profits after a bullish run earlier this week. Trading has been choppy and uncertain for DOGE, who continues to fluctuate between price highs and lows. 5.42% down at press time, DOGE is currently trading around $0.172 – reflecting the broader market decline. 2 consecutive days of rising earlier in the week saw DOGE break above its daily SMA 50 moving average, reaching highs of $0.1855 on Wednesday’s trading session before falling back to current levels. The failed breakout at $0.185 suggests that sellers are actively defending this key level. This resistance has now become a significant barrier for DOGE’s price, and a break above it may signal renewed bullish momentum. What’s next for Dogecoin? The market is watching closely as DOGE attempts to hold above crucial support levels. If DOGE manages to secure above its daily SMA 50 at $0.168 and generates significant buying pressure, another attempt to breach $0.185 might be on the horizon. However, failing to hold current levels may trigger a further decline, potentially returning to the $0.13 support zone. The RSI is slightly above the 50 midpoint, suggesting a slight advantage for bulls. Although consolidation seems likely before DOGE moves into its next major phase. A range-bound action soon might see Dogecoin fluctuate between $0.21 and $0.13 for some time. Conversely, breaking and closing above $0.21 would form a double bottom pattern. This could propel Dogecoin towards a potential target of $0.28.