The price of Dogecoin is struggling to maintain its bullish trend and has entered a consolidation phase, trading between $0.48 and $0.37. This consolidation suggests that sellers are gaining control and there is increased selling pressure. If the $0.37 support breaks, it could signal a larger downtrend. Several factors, such as Bitcoin's performance and market sentiment, could push Dogecoin's price even lower. In bearish market conditions, altcoins like Dogecoin are often hit harder than Bitcoin, and memecoins like Dogecoin are particularly vulnerable to steep declines. Analysts have identified key support and resistance levels and a bearish scenario that could see Dogecoin falling to $0.35 or lower. The outcome depends on whether Bitcoin can stay above $100,000 and reclaim $104,000.



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