
Title: Dogecoin (DOGE) Death Cross Gets Worse: What to Expect?
The recent development of a ‘Death Cross’ on the daily chart for Dogecoin (DOGE) has left investors anxious about the future trajectory of the meme-based cryptocurrency. With prices stuck in a tight range between $0.14 and $0.20, there is growing concern that a significant drop may be imminent.
According to an analysis by our experts, if Dogecoin falls below $0.14, it will be difficult for the asset to regain its footing and maintain any sort of support. The lack of fundamental support for those assets has created uncertainty in the market, making it challenging to predict the next move.
However, given the current chart pattern, a decline towards $0.10 is not entirely out of the question. This drastic drop could be fueled by a mass sell-off event if larger investors decide to liquidate their positions. But before that happens, Dogecoin should aim for a breakthrough above $0.20, as it would mark a significant turning point and potentially initiate an uptrend.
To avoid any panic selling and maintain stability in the market, traders are advised to approach this critical juncture with caution.
Source: https://u.today/dogecoin-doge-death-cross-gets-worse-what-to-expect