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Title: Dogecoin Risks Losing Momentum Amidst Ongoing Downfall
Dogecoin (DOGE) is on a downward spiral, and the bearish momentum shows no signs of slowing down. As the cryptocurrency struggles to regain its footing, it’s crucial for investors to reassess their positions in this market.
The price action has been overwhelmingly bearish since the beginning of March, with DOGE losing over 25% of its value. The recent downturn is causing many analysts and traders alike to doubt any immediate bounce or reversal, as the RSI has reached a level of 45, indicating an exhausted buying pressure.
With no clear indications of a turnaround in sight, it’s possible that the cryptocurrency could potentially drop further down towards $0.10 and even lower if $0.17 support is broken. In other words, investors should be prepared for a worst-case scenario where DOGE might fall as low as $0.14 or even lower.
It’s essential to remember that the cryptocurrency market is known for its unpredictability, so it’s crucial not to underestimate any potential for an unexpected change in the trend.
Source: https://u.today/xrp-2-threshold-should-be-ready-shba-inu-shib-major-resistance-denies-bull-run-dogecoins-doge-new
