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Will DOGE soon fall below $0.2?
Due to the continuous adjustment of the cryptocurrency market, the price of DOGE has dropped significantly in the past two days, with a decline of more than 25%. After yesterday's FOMC meeting, the broader cryptocurrency market entered a bearish state, with Bitcoin dropping below $100,000. The decline of DOGE has brought it close to a key support level, triggering speculation on whether it may soon drop below $0.2.
Will the price of DOGE soon fall below $0.2?
Crypto Expert tweeted in X post emphasizing the recent price trend of Dogecoin and pointing out a potential key support level at $0.22076. Analysis indicates that Dogecoin price is undergoing a correction phase after a significant 25% decline, causing concerns about breaking the $0.20 support level.
This cryptocurrency analyst said that a rebound from $0.22076 could propel the Meme token towards ambitious targets of $0.40894 and $0.65557, marking a potential 165% increase. Market observers are now closely watching DOGE approaching this key support level, waiting for signs of recovery or further decline.