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Dogecoin Price Expected to Rally Before Potential 70% Decline
The Dogecoin price has faced bearish pressure, dropping below the $0.15 support level. Despite attempts to rebound, it continues to struggle.
- Crypto analyst Weslad warns of a potential further decline due to a bearish flag pattern on the chart.
- A relief rally could occur, possibly pushing the price to $0.2 if support forms above $0.118.
- If a rally happens, a subsequent decline could lead to a 70% drop, bringing the price to around $0.05, reaching two-year lows.
Weslad suggests monitoring for pullbacks to the $0.12 region, indicating potential further declines. The outlook remains bearish, contingent on broader market conditions.
