Dogecoin (DOGE) is facing the possibility of a 15% decline if it closes below $0.38. Technical analysis suggests that DOGE is currently at a crucial support level of $0.383 and a close below $0.38 could lead to a decline to $0.31. However, the Relative Strength Index (RSI) is indicating a potential price reversal. Additionally, data from Binance shows that the majority of traders hold long positions, indicating bullish sentiment and an attempt to keep the price above the support level. Currently, DOGE is trading near $0.39 with a price decline of over 2.65% in the past 24 hours.



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