Attention, my beautiful people and crypto lovers! Dogecoin (DOGE), that coin that has brought us so many smiles and memes, is experiencing a dip that has analysts with their eyes wide open and eyebrows raised. It seems like the little dog is getting tired of running. 😥
It turns out that the price of DOGE has had a somewhat rough week, dropping more than 1.5% in the last day and 4.5% for the week. And in the month, it's already down 23%! What a mess! According to experts, this is due to the commotion that occurred at the end of the workweek with Israel's attacks on Iran, which scared the entire cryptocurrency market. Imagine, when geopolitics get intense, even meme coins get scared. geopolitics 🌍💥
But the biggest concern was raised by an analyst who knows what’s up, Ali Martínez. He says that if DOGE does not hold on a key support line, it could fall another 30%! 😱 Yes, my friends, we’re talking about it potentially reaching the lows of 2025, below $0.12. That’s like going back in time!
The support that Ali mentions is the bottom part of a "symmetrical triangle" that has been forming since DOGE tried to stick to $0.40 at the beginning of this year. The truth is that it couldn't maintain that upward momentum and has been in free fall since then, hitting bottom around April when the trade war between the U.S. and the rest of the world was heating up, reaching $0.13. After that, it somewhat recovered and even surpassed $0.25 in May, but the joy didn’t last long! Now it’s hovering around $0.175. 💸
Another one with the same pessimistic vibe is Andrew Griffiths, who has also seen signs that Dogecoin is not doing well, with several lower highs that are like a warning light, an "obvious sign of bearish rejection". It's as if the coin cannot gain momentum and slips every time it tries to rise. 📉
So, my dear investors and meme lovers, stay very alert. If that support line breaks, DOGE could give us a big scare and reach a new low this year. Stay sharp and don’t lose sight of the little dog’s chart! 🧐📊$DOGE
