Over the last month, Dogecoin experienced a 31% dip, largely attributed to resistance challenges at $0.18-$0.19. Despite an attempt at recovery spurred by social media activity, including a post from Elon Musk, it failed to generate lasting upward momentum.
The analysis indicates a bearish sentiment, with anticipated price drops to $0.15 and possibly $0.13. The downtrend appears steady unless Dogecoin can overcome the resistance at $0.209, which would indicate a potential reversal in market behavior.
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