Dogecoin (DOGE), the beloved meme cryptocurrency that has captured the hearts of retail traders and internet enthusiasts, faced a critical juncture today as it witnessed a significant bearish breakdown below its key ascending support trendline. This trendline, which had offered a glimmer of hope to DOGE holders, seemed to be the last line of defense against a further price decline.
In the latest price analysis, DOGE recorded a 6% dip, pushing its value below the pivotal support trendline. At the time of writing, Dogecoin was trading at $0.061346 according to CoinGecko, reflecting a 0.9% decline in the past 24 hours and a 3.6% slump over the past week.
DOGE Bearish Territory Looms
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Typically, such a break below a crucial support level grants sellers an enhanced
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