The article discusses the decline in Dogecoin and the possibility of sellers pushing the price down further to $0.26. Bitcoin's fall below $100,000 has led to a sharp decline in meme coins, with Dogecoin experiencing an 11% drop in the past 24 hours. The article analyzes the technical indicators and trends, noting a breakdown of support levels and the potential for a negative crossover between moving averages. The 4-hour RSI line has dropped under the oversold boundary, indicating strong selling pressure. The critical support levels for Dogecoin are identified as $0.30 and $0.265, with the possibility of a massive correction if the former is breached. A bullish reversal could lead to a retest of the broken $0.33 level.
Content Editor ( thecryptobasic.com )
- 2025-01-27
Dogecoin Bears Eye $0.265 as $0.30 Support Comes Under Threat
