$DOGE Plunges 9.75% – Hold or Fold?

Dogecoin (DOGE) is trading at $0.36933, taking a sharp hit with a 9.75% decline in the last 24 hours. The market is showing increased volatility as DOGE struggles to find support.

Market Overview:

• 24H High: $0.41173

• 24H Low: $0.36464

• Volume: 4.67B DOGE / 1.81B USDT

Key Technical Levels:

1. Resistance:

• Immediate: $0.38127 (MA7)

• Stronger: $0.38664 (MA25)

2. Support:

• Immediate: $0.36464 (24H Low)

• Critical: $0.36000

Indicators & Insights:

• MA Trend: DOGE is below all major moving averages, signaling bearish sentiment.

• Volume Spike: High selling pressure indicates further downside risk.

Next Steps for Traders:

• A break below $0.36464 could lead to a deeper dip towards $0.35 or lower.

• Recovery above $0.38664 might indicate a short-term reversal.

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