$DOGE

#BTC走势分析 below $0.2

The price of Dogecoin ($DOGE ) has fallen below $0.20 amid increasing downward pressure.

Analysts warn of the possibility of it dropping to $0.10.

Dogecoin investors are quietly selling their whales.

Dogecoin ($DOGE

DOGE

0.16841

+0.08%

), the humorous and beloved currency on the internet, is facing renewed pressure as it drops below the critical $0.20 level, raising concerns among traders about the sustainability of its recent upward trend.

Despite attempts to recover in recent months, Dogecoin has sharply declined over the past week, losing more than 15% of its value amid market uncertainty and waning investor confidence.

At the time of this report on June 18, the price of Dogecoin was ranging between $0.16 and $0.17, having dropped from the short-term high it reached earlier this year, sparking a wave of bearish expectations and renewed scrutiny from analysts.

Bears have dominated the recent price movement of Dogecoin, which has been exacerbated by geopolitical tensions and changes in risk appetite among cryptocurrency investors.

Although meme coins are often inherently volatile, the rapid decline has raised questions about the strength of Dogecoin's long-term support levels, especially as it approaches the $0.16-$0.17 range.