On Friday, Dogecoin (DOGE) was trading around the $0.14 mark after continuing the drop that has been going on since October. Dogecoin stayed under important resistance areas, and the indicators were indicating the selling pressure was getting weaker, but at the same time, there was not much interest from the buyers.

Dogecoin price action reflected consolidation rather than recovery as the meme coin capped beneath major moving averages. Market data indicated that the situation was getting to be more stable after several weeks of losses, with traders keeping an eye on the support near the recent lows to check if it could hold. 

At the start of the week, dropped below the $0.1420 level owing to the fact that it could not maintain the price above $0.1465. Afterward, the price met the support level of $0.1363, and from there it embarked on a slight recovery. However, this recovery could not bring DOGE above the 100-hour simple moving average, which is considered a support level and the price resistance area. Such a formation kept the market participants wary of price declines as the price movement became less volatile.

Selling pressure slowed, yet price action showed little conviction from buyers. DOGE remained locked in a narrow range, reflecting a balance between fading sellers and cautious participants. Could this pause signal stabilization or simply mark another stage before renewed weakness?