DOGEUSDT: Bearish pressure dominates

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DOGEUSDT: Bearish pressure dominatesDogecoin / TetherUSBINANCE:DOGEUSDTDomicChainaDOGEUSDT is trading around 0.0697 USDT after failing to hold the 0.0700 level and continuing to move within a bearish channel on the 1-hour (H1) chart. While the macroeconomic outlook has become less negative, DOGE remains sluggish and has yet to reclaim the $0.070 mark—indicating limited buying interest. FXStreet also notes that DOGE remains within a broader downtrend, despite recent buying activity from large wallets. On the H1 timeframe, the 0.0702–0.0705 USDT zone represents a confluence of the EMA34/EMA89 and the bearish channel's resistance. If the price faces rejection here, I lean towards the scenario of DOGE dropping to 0.0683 USDT. The market is currently awaiting US Retail Sales data, so volatility in the crypto space persists.