The crypto market's turmoil, driven by escalating war tensions, has impacted Dogecoin, which experienced a drop of over 5% over the weekend, falling below the crucial $0.16 mark. This decline has triggered panic among investors, leading to increased sell-offs. Currently, Dogecoin is trading around $0.15 and is expected to continue its downward trend. A crypto analyst on TradingView advises against buying at this moment, predicting a further decline of about 10%, potentially bringing the price down to $0.13. The analyst suggests waiting for Dogecoin to reach this level, as it aligns with significant support zones, creating a favorable entry point. If the price stabilizes around $0.13, there could be a substantial rebound, with a target of $0.25 representing a potential 90% increase by the third quarter. Additionally, Dogecoin's daily trading volume has decreased significantly, dropping from $5.1 billion in June to below $3 billion, with projections indicating it may fall under $2 billion if the market continues to decline. Read more AI-generated news on: https://app.chaingpt.org/news

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