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According to a report by Coin World, Dogecoin is facing potential price decline as on-chain indicators and technical data indicate a bear market trend. On April 27th, Dogecoin attempted to reach $0.17 but encountered resistance at $0.15, causing a drop to $0.14. A "death cross" was observed, with the 50-day Exponential Moving Average (EMA) crossing below the 20-day EMA, indicating a bearish trend. The Elder Force Index (EFI) shows low trading activity, and the Fibonacci indicator points to a possible collapse, with the next support level at $0.12. If this support level is breached, Dogecoin may decline to $0.10. Despite the decline, 76.66% of Dogecoin's total supply is in a profitable state, which may indicate potential selling pressure as the bullish momentum slows down. The Moving Averages (MA) indicator shows an increase in selling pressure, which could lead to asset liquidation.