12 hour ago
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BEARISH 📉 : Dogecoin drops to $0.11 amid market decline, rebound uncertain
The broader cryptocurrency market decline has affected Dogecoin (DOGE), pushing it to a critical demand zone. Market analyst Eric Crypto notes that Dogecoin has dropped from around $0.26 to approximately $0.11099, landing in a key support area after a volatile period.
Current Price and Potential Rebound
- Dogecoin is currently stabilizing at the $0.11 demand zone.
- If the price holds above this level, potential rallies could target $0.14, $0.18, and possibly $0.22.
- A move to $0.14 would indicate a 36% gain; reaching $0.18 and $0.22 would result in increases of 75% and 114%, respectively.
Eric Crypto describes the current setup as one where "risk is defined" and urges patience as Dogecoin attempts to recover from a prolonged downtrend.
Analyst Perspectives on Dogecoin's Weakness and Recovery Potential
- Crypto expert Bitguru highlights Dogecoin's current trading within a long consolidation zone near $0.10, indicating ongoing selling pressure.
- If support holds, a recovery towards the $0.13-$0.15 range is possible.
- A breakdown below the support could lead to further declines.
