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Dogecoin Eyes Recovery After 25% Crash, but Investor Confidence Fades Beincrypto vor 5 Tagen

Dogecoin Eyes Recovery After 25% Crash, but Investor Confidence Fades 🐶

Dogecoin

Dogecoin has experienced a steep decline, plummeting nearly 25% recently and reaching a two-month low. This drop has undermined investor confidence, leaving DOGE susceptible to further drops.

While the sentiment remains bearish, there's scope for recovery if market conditions favor buyers. Yet, skepticism is growing among holders.

Sustained bearish pressure might push the price further down towards $0.220. For a recovery, overcoming the $0.268 resistance is crucial, potentially opening the path to $0.311, mitigating recent losses.

Despite a negative MVRV ratio suggesting potential buying opportunities, the broader market outlook remains uncertain, challenging DOGE's recovery path.

Quelle: beincrypto.com ↗

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