Stunning Prediction!! Dogecoin ($DOGE) Faces a Potential 25% Drop! Investor Sentiment Extremely Low

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Recently, the outlook for Dogecoin ($DOGE) has become quite unclear. If its daily closing price falls below $0.30, the market may face a wave of bearish sentiment, with declines potentially reaching 25%. Currently, more than half of top traders have started to short sell, and market sentiment remains low.

From a technical perspective, Dogecoin is hovering around $0.35, failing to hold this key support level. If it falls below $0.30, the price may further dip to $0.22, indicating a potential decline of 25%.

Additionally, trader sentiment is not optimistic. The long-to-short ratio has dropped to its lowest level since December of this year, indicating a severe lack of market confidence. While some long-term holders are quietly buying at this time, the overall market sentiment is one of caution, and trading volume has decreased.

Currently, Dogecoin's price is hovering around $0.315, having dropped more than 6.89% in the past 24 hours, reflecting the continued weakness in market sentiment and a more cautious attitude among investors.

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