Dogecoin has experienced a significant drop in price, breaking below the crucial support level of $0.24 and marking a triangle breakdown. There is speculation that the price could drop below the psychological support level of $0.20. The cryptocurrency's network activity has also declined, reaching its lowest level since October 2024. Some traders remain optimistic, however, as they believe Dogecoin is completing its fourth falling wedge pattern, which in the past has led to significant price surges. If this pattern plays out, it could potentially push Dogecoin past the $0.50 mark.



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