Dogecoin Faces Critical Support as Tron Stays Stable, Web3 ai Presale Highlights Rising Demand for AI-Powered Crypto Projects
Dogecoin (DOGE) is currently experiencing bearish momentum, with price action slipping below major short-term support levels, including $0.1880, $0.1850, and now testing the crucial $0.125 mark. After failing to hold above $0.20, DOGE continued its downtrend, raising concerns about a deeper retracement if the $0.125 level breaks. Technical indicators—the MACD and RSI—signal ongoing bearish sentiment, though some short-term consolidation is evident. On the other hand, TRON (TRX) remains comparatively stable, trading near $0.13 with consistent activity and robust ecosystem development, appealing to risk-averse traders. Meanwhile, the AI-driven blockchain project Web3 ai successfully raised $7.1 million in its token presale, underlining strong investor interest in projects that merge artificial intelligence and blockchain technology. For crypto traders, close monitoring of Dogecoin’s support zones is advised for potential reversal or further declines, while Tron’s stability and Web3 ai’s fundraising success signal shifting market appetites and confidence in utility-driven tokens.
Bearish
DOGE has clearly transitioned to a bearish phase, with the loss of key support levels and momentum indicators confirming negative sentiment. The breakdown below $0.1880 and $0.1850, and now testing $0.125, heightens the risk of a more pronounced downtrend if support fails, as seen after its inability to sustain above $0.20. Although there is some short-term consolidation and declining bearish momentum on indicators like MACD, overall market mood is bearish with the RSI remaining below 50. Traders are likely to exercise caution, watching for either a strong reversal at support or continued declines toward lower levels such as $0.1550 and $0.1320. TRX’s steady performance and the successful Web3 ai presale are noteworthy, but do not offset the immediate bearish conditions for DOGE.