The article discusses the significant decline in the value of Dogecoin (DOGE) in recent days. It has lost over 15% of its value and slipped below the 200-day Simple Moving Average (SMA) for the first time since October 2024. The broader crypto market is also facing selling pressure, with Bitcoin reaching its lowest valuation since mid-November. Altcoins have been under pressure, and many tokens have lost between 30% and 80% since mid-December. A crypto analyst highlights the importance of the $0.19 support level for Dogecoin, stating that if it drops below this level, a deeper correction towards $0.060 becomes more likely. However, if Dogecoin rebounds from this support level and reclaims the daily SMA 200 support, it could signal a easing of selling pressure and a potential rally towards the 50-day SMA resistance at $0.30.



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