Dogecoin (CRYPTO: DOGE) has dropped 17% in the past seven days, sparking debate among analysts on whether more downside is ahead.
What Happened: Crypto chart flagged a potential move to $0.060, noting that Dogecoin has broken down from an ascending parallel channel—a bearish technical signal that could open the door to further losses.
In another X post, Martinez explained that since October 2023, Dogecoin has consistently held a rising trendline, which now aligns with the 61.8% Fibonacci retracement level at $0.13.
This confluence marks a critical support zone to watch closely for potential …Full story available on Benzinga.com
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