💥 Dogecoin Price Analysis: Can DOGE Stabilize Around $0.08?

📉 Dogecoin Dips with Market: Cryptocurrency prices, including Dogecoin (DOGE), fell as fears of a recession spread following dovish US economic data. DOGE dropped to $0.08 support, with a weekly loss of 31% and a 30-day loss of 15%. The Federal Reserve's unchanged interest rates and weak job data fueled these fears.

📈 Exchange Inflows: Uncertainty led to 188.2 million DOGE moving to exchanges in August, signaling potential selling pressure. Increased exchange inflows could hinder DOGE's recovery, pushing it toward the $0.06 support if the downtrend continues.

💰 Investor Sentiment: 56.4% of DOGE supply is in the red, with 42% in profit. Recovery from $0.08 support is possible, but resistance looms around $0.1 due to previous buy levels.

🔍 Dogecoin Price Outlook: The RSI is in the oversold region as DOGE holds at $0.08 support. Below key EMAs, bulls face challenges, but if $0.08 holds, DOGE could rise above $0.1. A falling wedge pattern hints at a 78% breakout if DOGE crosses the upper trend line, potentially reaching $0.14, $0.18, and even $0.22.