Dogecoin Price Drops Below $0.18 as Analyst Predicts Continued Decline
The Dogecoin price has declined, breaking below the crucial support level of $0.18. This decline aligns with a broader downturn in the crypto market and could signal further price drops.
Current Market Analysis
- Crypto analyst Master Ananda predicted this market decline prior to its occurrence.
- Despite short-term bearish sentiment, long-term outlook remains bullish.
- Ananda referenced April 2025 low prices and lower highs from December 2024 as indicators of market trends.
Future Price Expectations
- The anticipated bottom for Dogecoin is above the April 7 lows, around $0.15.
- A recovery is expected to follow once the price stabilizes.
- Investors should wait for market stabilization before making decisions.
- Traders are advised to be cautious with short positions due to potential volatility.
Ananda predicts a higher low compared to April 7 if leveraged positions do not overwhelm the market, potentially causing temporary price dips before recovery.
