Dogecoin Tests Weekly EMA Support as Bears Drive 5% Slide

Dogecoin is currently testing the support level of its weekly exponential moving average (EMA) as market forces exert pressure on the cryptocurrency, resulting in a significant decline of approximately 5% in its value. This downward movement is primarily driven by bearish sentiment among traders, who appear to be selling off their holdings, thus contributing to the overall drop in price. As the cryptocurrency navigates this critical support level, investors are closely watching to see if it can maintain its position or if further losses are on the horizon. source: https://www.coindesk.com/markets/2025/11/13/dogecoin-tests-weekly-ema-support-as-bears-drive-5-slide