Dogecoin Price Declines 13% Amid Increased Selling Pressure

The Dogecoin price is experiencing losses as selling pressure increases in the crypto market. Currently, DOGE trades at $0.17, down 13% over the past week and 3% on smaller timeframes.

Price Outlook for Dogecoin

Analyst Eliz warns that if DOGE fails to maintain its current level, it may drop to an 'alarm zone' around $0.14.
A decline below this could lead to prices between $0.12 and $0.08, revisiting levels last seen in 2024.
If it reaches the 'alarm zone,' there is potential for a rebound, possibly pushing DOGE back toward $0.20.
Traders should be cautious and monitor upcoming price actions before making any decisions.

Altcoin Sector Insights

Chris Burniske, former lead crypto analyst at Ark Invest, notes strength in the altcoin sector despite Bitcoin's sell-off. He highlights that Ethereum and Solana remain robust, which could benefit Dogecoin's price recovery even if it hits lower levels.

ETH showing more strength than acknowledged... but the bull is still alive.