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.

Dogecoin price