Dogecoin faces a downturn, beware of the key level at $0.062

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【Crypto World】Dogecoin’s current market trend is not very favorable. The previously maintained $0.16-$0.18 range has already been broken, and it has now become a resistance level overhead. Even more concerning is that the support below the current price is clearly weak, giving bears an opportunity to take advantage.

From a technical perspective, the situation is indeed not optimistic. The chart shows a clear distribution pattern, and the lack of buying interest in the market makes things worse. Analysis suggests that Dogecoin may face further decline, with key levels to watch: if it drops below $0.10, the next line of defense is $0.062. Losing this level could add a zero to the price, which might signify a major shift for the entire sector.

The current bearish pattern indicates a lack of strong upward momentum in the short term. For holders, managing risk effectively is crucial.

DOGE-1.59%
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AlgoAlchemistvip
· 12-17 09:30
0.062 that level really needs to be watched closely, Dogecoin's situation is a bit uncertain this time
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GateUser-d37da7d2vip
· 12-14 12:52
Anything is possible; falling to 0.01 is not surprising at all.
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RugpullAlertOfficervip
· 12-14 12:50
0.062 at this level is indeed a bit risky; DOGE still depends on Elon Musk's attitude.
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FOMOSapienvip
· 12-14 12:49
Down again and again, can 0.062 really hold? Feels like it's going to break.
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BearMarketSurvivorvip
· 12-14 12:48
Once the 0.062 supply line is breached, this battle is truly over. My suggestion? Now is the time to consider loss control; don't wait until it breaks at 0.10 to react.
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GasFeeCriervip
· 12-14 12:44
0.062? Laughing, it's about time to run --- Doge has fallen into the trap again, this time really need to be careful --- Breaking below 0.10 means it's done, can't afford to gamble --- No support left, what's the point of holding up --- Coming down again, same old trick --- Risk management? Should have learned it by now, everyone --- Could 0.062 be the bottom? Who knows --- Feels like it's going to fall all the way to the core --- Is there still someone picking up the bag here --- Breaking the level completes it, there's nothing more to say
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BottomMisservip
· 12-14 12:35
0.062? Damn, it's going to be cut again.
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