Dogecoin Tests Weekly EMA Support as Bears Drive 5% Slide

On November 13, 2025, Dogecoin faced a significant 5% drop, testing its weekly EMA support and trading within a narrow range of $0.0121. This decline is characterized by a textbook lower-high, lower-low formation, which suggests a bearish trend in the market. The negative sentiment surrounding Dogecoin reflects broader concerns in the cryptocurrency space, where price fluctuations can impact investor confidence and market stability. As Dogecoin continues to navigate these challenges, the implications for its future performance remain uncertain, highlighting the volatility inherent in cryptocurrency investments.