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Dogecoin (DOGE) Plunges to $0.20: Is This the Bottom or More Pain Ahead? Newsbtc 3 hours ago

Dogecoin (DOGE) Plunges to $0.20: Is This the Bottom or More Pain Ahead? 📉

Ethereum US Dollar Dogecoin Bitcoin DOGE

Dogecoin (DOGE) saw a stark decline below the $0.280 support, with prices momentarily dropping to $0.20. The cryptocurrency is currently facing resistance around $0.250 and $0.270. A notable bearish trend line presents challenges near $0.270.

DOGE's descent was influenced by similar movements in Bitcoin and Ethereum, experiencing a plunge past crucial support zones of $0.300 and $0.2750.

Despite the decline, DOGE shows signs of recovery, trading above $0.280 and the 100-hourly simple moving average. Immediate resistance is expected at $0.250, and failure to breach this could see DOGE testing support zones around $0.225 and $0.215.

Source: www.newsbtc.com ↗

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