In a detailed analysis, crypto expert Ali Martinez highlights Dogecoin's critical support level at $0.19. Should Dogecoin fall beneath this point, Martinez predicts a potential deep drop to $0.06.
The weekly DOGE chart reveals a long-term ascending channel with significant price action. Martinez emphasizes the importance of maintaining the $0.19 level, aligned with Fibonacci retracements, as it plays a pivotal role in preventing further losses.
Currently, Dogecoin trades at $0.206, leaving the market to speculate on its trajectory. A breach below the key threshold could lead to intensified downward momentum towards the $0.06 target.