Dogecoin faces a critical test after breaking the key support level
The coin $DOGE has broken the support level that held for nearly a year, opening the door for potential downward movements. Its current price is $0.09083 after a decline of 2.18%.
📉 Losing the $0.095 level represents an important change in the market, and failing to regain it could lead to a decline of up to 35%. The next support at $0.0883 may provide some temporary rebound, and if it fails, the price could drop to $0.0571.
⚡ Some see the current prices as a buying opportunity, relying on Dogecoin's historical upward support since 2017, where previous tests of similar levels preceded significant increases.
📊 Futures data reveals dominance of short positions, which could lead to sharp and rapid movements if liquidations occur.
🔗 Follow Dogecoin with caution, as the moment is critical!