The current price of Dogecoin (DOGE) is experiencing a decline and is holding at $0.32. The coin has dominant influence in the meme coin market with a market cap of $48.2 billion. However, technical indicators are suggesting a bearish trend and issuing a sell signal. There is a potential for a double-bottom reversal from the 23.60% Fibonacci level, which could initiate a bullish recovery and retest the $0.40 mark. Conversely, a bearish closing under the 23.60% Fibonacci level could put the $0.30 psychological zone at risk, potentially leading to a significant drop. The coming sessions will be crucial in determining the short-term trajectory of Dogecoin.



Other News from Today