【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.
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AlgoAlchemist
· 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-d37da7d2
· 12-14 12:52
Anything is possible; falling to 0.01 is not surprising at all.
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RugpullAlertOfficer
· 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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FOMOSapien
· 12-14 12:49
Down again and again, can 0.062 really hold? Feels like it's going to break.
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BearMarketSurvivor
· 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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GasFeeCrier
· 12-14 12:44
0.062? Laughing, it's about time to run
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Doge has fallen into the trap again, this time really need to be careful
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Breaking below 0.10 means it's done, can't afford to gamble
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No support left, what's the point of holding up
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Coming down again, same old trick
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Risk management? Should have learned it by now, everyone
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Could 0.062 be the bottom? Who knows
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Feels like it's going to fall all the way to the core
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Is there still someone picking up the bag here
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Breaking the level completes it, there's nothing more to say
Dogecoin faces a downturn, beware of the key level at $0.062
【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.