Dogecoin has finally reached a very precarious moment. The former darling of the meme token world turned into a bearish trend, with recent charts unveiling a concerning decline. Related Reading: Bitcoin Cash (BCH): Analyst Pinpoints Prime Moment For Strategic Buy Analysts made the observation that DOGE has dropped below a key resistance area that formerly acted as a crucial support level, a sign of more losses in store. Investors are now worried that in case it continues failing to find stability, it could drop another 38% to 40%. Other major support levels are at $0.055-0.0628; and breaking these could set the stage to steeper declines. DOGE Technical Analysis in Weekly Timeframe DOGE is in a downtrend on the weekly timeframe. The price has broken below the blue box, which was a key support, and it’s now acting as resistance. If the market doesn’t shift from bearish to bullish, DOGE will likely drop toward the… pic.twitter.com/ukbVPEArsG — Cryptorphic (@Cryptorphic1) August 15, 2024 Dogecoin: Market Sentiment Market sentiment now holds the key to the immediate fate of Dogecoin ..
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 Headed For A 40% Slide? This Analyst Thinks So){kind=link}