Dogecoin Risks More Pain As Price Retests Critical Support – Analyst Warns Of 37% Breakdown

While some market observers remain optimistic about Dogecoin (DOGE)’s long-term prospects, an analyst has identified a bearish continuation pattern in the short-term chart that could lead to another major correction for the memecoin. Related Reading: Why A U.S. Court Says Binance Is Not (Yet) Liable for Terrorist Crypto Flows Dogecoin Bottom May Be Lower On Monday, Dogecoin bounced 3% from Sunday’s lows and reclaimed the $0.091 level, which had been lost over the weekend due to recent market volatility triggered by the Middle East conflict. The cryptocurrency has traded between $0.086-$0.100 over the past two weeks, reaching an intraweek high of $0.104 last Wednesday before erasing the bounce and plunging to its local lows alongside the rest of the market. During thi...