Dogecoin's price has dramatically plunged to $0.32, prompting concerns about whether it can withstand declining to a $0.26 support level. This downturn is part of a broader market correction that occurred following an omission in President Donald Trump's recent speech that failed to address cryptocurrencies.
The event led to a marketwide correction, severely impacting Bitcoin as it retests the $102,000 mark. Among the hardest hit were meme coins, including Trump-related tokens, which crashed significantly.
As the meme coin sector experiences turbulence, investors and analysts are closely watching Dogecoin’s movement, wary of potential further losses.
