<ul><li>Dogecoin is showing signs of weakness after failing to break through the $0.24-$0.25 supply zone, leading to a 15% drop from its recent local high.</li><li>A bearish engulfing pattern has emerged on the daily candlestick timeframe chart, indicating that sellers are regaining control after the recent rejection.</li><li>The rejection at $0.24 to $0.25 zone is supported by an increase in trading volume, further reinforcing the bearish outlook for Dogecoin.</li><li>Key support levels to watch are $0.19361 and $0.14915, with the possibility of a deeper correction if the former level is broken, while the latter level could attract institutional interest.</li></ul>

Dogecoin Price Rejection From $0.24-$0.25 Supply Zone Shows Bears Are Taking Over

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