Dogecoin has experienced a sharp decline in the past 10 days, causing investors to lose nearly $8 billion in market cap and leading to skepticism in the market. This has resulted in a decrease in open interest and a slowdown in speculative activity. The lack of inflows and weak market sentiment has made it difficult for Dogecoin to gain upside momentum. Currently trading at $0.33, Dogecoin is attempting to hold the support level of $0.32 to prevent further declines. If sentiment does not improve, Dogecoin may struggle to surpass the barrier of $0.36 and could even drop below $0.30. However, if Dogecoin can turn $0.36 into a support level, it may recover and move towards $0.39.



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