14 hour ago
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Dogecoin Faces Bearish Trend with Potential Decline, Analyst Warns
The Dogecoin price has been moving sideways, with a bearish trend prevailing. Key points include:
- The price is consolidating between $0.1763 and $0.118.
- Technical analysis shows lower highs and lows, indicating a bearish trend.
- A potential upward move to $0.188 could occur due to liquidity but may not be sustained.
- $0.188 can act as resistance, possibly triggering a reversal back to $0.165.
- Key levels are support at $0.1763 and resistance at $0.188 for any potential breakout.
Investors should monitor these levels closely for signs of recovery or further decline.