$DOGE dropped 1/5 of its value in a short time...

$DOGE faced a sharp decline of 19.03%, falling to $0.31418 after hitting a 24-hour low of $0.30579. This significant drop, along with high trading volume, indicates strong selling pressure. The resistance level at $0.34785 remains unbroken, making it a crucial area for any recovery attempts.

Traders should closely monitor the potential recovery from the support level of $0.30579, as this level may trigger a short-term reversal. A break below this support could lead to a further downtrend toward $0.30 or lower, while a recovery could push the price back to $0.34. Use tight stop-loss orders and set profit targets carefully during this volatile period.