🔻 Dogecoin Under Pressure: Breaking the Pattern Pushes Price to $0.22
The Dogecoin (DOGE) has seen a notable decline after breaking its bullish technical pattern, dropping to the level of $0.22. This drop has raised concerns among some investors, especially as the coin was recently trying to maintain upward momentum backed by positive market sentiment.
From a technical perspective, the recent support break opens the door for the possibility of continued correction towards lower levels if strong buying liquidity does not emerge to restore confidence. On the sentiment side, broader market pressure and a decline in risk appetite may be the primary drivers of this retreat.
However, some analysts remain optimistic in the medium term, pointing out that Dogecoin still retains a strong fan base and notable whale inflows, which could help it regain momentum if the market stabilizes.
👀 The question now is: Will the $0.22 level form a new bottom for DOGE, or are we facing a deeper downward wave?
