The recently published Dogecoin (DOGE) chart by analyst Paul suggests that the cryptocurrency could drop as low as $0.12 in a final corrective phase before attempting a significant rebound. The chart highlights Fibonacci levels that could define DOGE's near-term floor and identifies the $0.12-$0.15 range as the most critical price territory for bulls. The chart shows a sequence of lower highs and lower lows, indicating bearish momentum, and the price has consistently traded below the Ichimoku Cloud since late January. While the chart projects a subsequent rally from the anticipated low, there are no guarantees that DOGE will hold the $0.12-$0.15 band. The overall direction of the market will depend on whether enough buyers step in at those Fibonacci levels. At the time of the report, DOGE was trading at $0.17.



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