The price of Dogecoin has entered a critical phase, with technical indicators suggesting bearish momentum. The Relative Strength Index (RSI) has dipped below the neutral level, indicating increasing selling pressure. The $0.3 support level is now in focus, and whether Dogecoin can maintain this level will determine its near-term direction. The recent price action reflects a bearish sentiment, with the cryptocurrency struggling to maintain higher prices. The drop below the 4-hour Simple Moving Average (SMA) suggests a continuation of downward momentum. If the $0.3 support level is broken, further price losses could occur, potentially testing lower support levels. However, defending this level could lead to a consolidation phase or recovery attempt. Traders should closely monitor these levels for signs of reversal or stabilization.



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