The market downturn since last week is driving investors to the edge. Opportunities are drying up across the board and the situation is not different with the leading meme coin DOGE. Several support areas have been lost, elevating the sellers’ presence and influence on Dogecoin price. Support at $0.075 must hold in the short term, otherwise, investors could be staring at a larger breakdown to $0.065.
Dogecoin price prediction: Will DOGE table further or bounce back?
The impact of the ongoing sell-off is having far-reaching effects on the performance of many cryptocurrencies, Dogecoin included. Despite the hyped-up rally from October backed by growing optimism for the approval of the first spot Bitcoin ETFs in the US, a sell-off clouded the actual event.
Investors felt let down, disappointed, and without motivation to buy the dips. A wobbly market structure casts a shadow over recovery, not just for Dogecoin but also for heavyweights like Bitcoin, Ethereum, XRP, and Solana.
While
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