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Look out below! Dogecoin risks further downside after a key support is tested

Some analysts point to Binance’s pause on DOGE withdrawals as the catalyst for the altcoin’s pullback, but data suggests overheated derivatives markets may have been a factor.
Dogecoin (DOGE) is potentially at risk of losing critical support if the price falls from the ascending channel traded in for the last 53 days. Although technical analysis is not an exact science, a daily close below $0.26 will likely invalidate the current movement.DOGE/USD price at FTX. Source: TradingViewAside from the Bitcoin-driven headwinds, which are weighing on DOGE price, this week, the meme token underwent a software upgrade and users were requested to implement version 1.14.5. Two important security patches were involved: “Remote Code Execution in Dogecoin QT” (CVE-2021-3401) and “Sensitive Information Exposure on Unix platforms” (CVE-2019-15947).The latest release finalized a new minimum fee recommendation, following a previous version’s

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We współpracy z: https://cointelegraph.com/news/look-out-below-dogecoin-risks-further-downside-after-a-key-support-is-tested

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