#TradingAnalysis101 Dogecoin (DOGE) Bulls Target $0.60 – 300% Rally Incoming?

Bitcoin has dropped to the $80,000 level, dragging down Dogecoin and other cryptocurrencies.

Cryptocurrencies are experiencing negative impacts from global trade wars and the prevailing economic uncertainty.

The cryptocurrency market has faced a notable downturn in recent weeks, with Bitcoin (BTC) plummeting below the $80,000 mark. Also, the global crypto market capitalization has dropped by a noble 4.8% within a single day.

This downward trend has spread across the market, affecting other major cryptocurrencies, such as Dogecoin (DOGE), which has recorded significant losses: 17% weekly and 24% monthly.