The price of Dogecoin has fallen below the important support level of $0.20 as bearish pressure in the cryptocurrency market continues. This drop comes despite US regulators stating that meme coins like Dogecoin are collectibles and not regulated like securities. Despite this clarification, the crypto market is currently experiencing a severe sell-off. The question remains whether Dogecoin's price can bounce back or if there is a risk of further decline to $0.10.



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