Dogecoin Faces Critical Support Breakdown: Is a Bigger Drop Ahead? 📉
Dogecoin's price continues its steady decline, currently testing a vital support level at $0.14. This level marks the final key support in its recent price movement, and a break below it could lead to additional losses. DOGE has been unable to maintain any upward momentum, previously stabilizing around $0.22 before dropping to $0.18 and now $0.14.
The ongoing bearish pressure indicates further downside risks. Increasing concerns is the imminent death cross, a bearish technical indicator where the 50-day moving average slips below the 200-day moving average.
Source: www.tokenpost.com ↗
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