Why Is Dogecoin Price Crashing 5% Today?
Portfolio Pulse from
Dogecoin (DOGE) has experienced a significant price decline, dropping 30% from its November 2024 peak of $0.47. Currently trading at $0.16, the cryptocurrency faces bearish market conditions and high volatility influenced by social media and celebrity endorsements. A crypto analyst suggests a potential 16% price increase if DOGE breaks its upper resistance trendline.
March 21, 2025 | 9:15 pm
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DOGE is currently trading at $0.16, with key technical indicators suggesting potential short-term price challenges. The MACD shows a marginally bearish trend, while the RSI sits at 46 points.
The cryptocurrency is experiencing downward pressure with technical indicators suggesting potential further decline. The bearish market sentiment and lack of strong support levels indicate a likely short-term negative price movement.
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