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In recent days, Dogecoin's price has struggled to maintain itself amid Bitcoin's multiple resistance levels. This triggered a liquidation wave among cryptocurrency traders who had been betting on a price increase. The drop in Dogecoin has also raised concerns about whether the bull market that began earlier this month has finally ended.
Dogecoin's price is facing significant resistance
Cryptocurrency analyst MindfullyLost explains the recent predicament of Dogecoin's price. According to this cryptocurrency analyst, Dogecoin's price has gained good support on the 4-hour chart, remaining above $0.21 even in a downtrend.