Dogecoin is facing the risk of breaching its long-held support at $0.30 as bearish momentum in the crypto market intensifies. The meme-themed crypto asset has lost 9% of its value in a day, dropping to as low as $0.315. Analysts warn of even greater downside potential, with a target of $0.27. Technical indicators show a bearish alignment, with a potential drop to $0.265, representing a loss of over 20% from the intraday high. However, some market commentators still believe Dogecoin could stage a significant rally soon, citing historical trends following U.S. presidential inaugurations.



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