Dogecoin (DOGE) is under bearish pressure recently, with the cryptocurrency's price experiencing a substantial decline. It has fallen over 30% from its yearly high of $0.48, causing apprehension among investors and market participants about its potential trajectory in the future.
As one of the major players in the cryptocurrency market, this dip in Dogecoin's value raises several concerns about its resilience and ability to recover amidst market fluctuations and technical signals pointing towards a potential further decline.
