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**Dogecoin (DOGE) Sees Third Day of Decline, But What’s Next?**
Dogecoin (DOGE) has been on a downward trend since its high on March 26, with the price dropping over 14% in March alone. The recent decline has sparked concerns about the token’s potential trajectory going forward.
According to our analysis, if DOGE continues to fall and fails to break above the $0.208 level, it may potentially drop to the $0.14-$0.20 range. This is not a new phenomenon for DOGE, as historical data suggests that the token tends to experience fluctuations between these levels.
The crucial level of support around $0.16 will be closely monitored, as further declines might put pressure on DOGE’s price near the $0.14 mark. While it’s difficult to predict with certainty, some analysts believe that a bounce off this level could propel the token higher, targeting $0.24 and then $0.29.
However, the recent drop has raised concerns among investors, and many are still cautious about making any decisive moves. The community will be watching closely as we wait for further developments in the market.
This article was originally published by U.Today.
Source: https://u.today/dogecoin-doge-down-14-in-march-what-history-predicts-in-april
