DOGE has faced a decline of over 30% over the last month, breaching the critical $0.20 support level and reaching a low of $0.18. The current trading range indicates a heavy supply zone, with many investors exiting at a loss.
With retail participation lacking and whale accumulation absent, DOGE’s recovery appears challenging. Recent whale transactions indicate a bearish trend, reinforcing market hesitance for a potential recovery in the near term.
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