$DOGE Will Decline to 0.12$ tonight (people are saying) .

Based on the chart and current indicators, it’s unlikely that Dogecoin will see a sharp decline all the way to 0.12 tonight, unless there’s a significant news event or high market volatility. Here’s why:

1. Support Levels: The recent low near 0.18700 acts as a strong support level. A drop to 0.12 would require Dogecoin to break several support levels, including the 0.16663 area visible in your chart.

2. Volume and Price Action: There’s no substantial selling volume visible that would indicate a high probability of a steep drop. Typically, a drop from 0.18 to 0.12 would need heavy selling pressure, which doesn’t seem present at this moment.

3. Technical Indicators: The Stochastic RSI is very low (oversold), suggesting the price may be due for a short-term bounce rather than a large downward move. The RSI is also neutral, not indicating extreme selling pressure.

While a decline is possible, a sudden drop to 0.12 tonight is unlikely without a significant catalyst. It’s more probable that Dogecoin will continue to consolidate around the current levels or see a minor decline, rather than a drastic fall to 0.12 in such a short timeframe. Keep an eye on the 0.18700 support level, as breaking it could signal further downside, though a gradual decline would be more likely than an immediate drop.

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