Dogecoin Price Prediction: Strategies to Counter DOGE Price Drop

The price of Dogecoin (DOGE) has fallen significantly recently and is currently trading at $0.1159, a drop of 7.30% in 24 hours.

Market capitalization fell 7% to $17 billion, while trading volume surged 124% to about $724 million.

Technical analysis shows that Dogecoin is in a bearish trend and if key support levels fail, the price could fall further below $0.11 or even touch $0.09.

Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are giving bearish signals.

However, if market sentiment picks up, the price of Dogecoin is expected to rise above 0.12, and may even reach 0.3.

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