Surprise!!! Dogecoin falls below $0.35, what will happen next?

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The exchange rate of Dogecoin (DOGE) against the US dollar has fallen below the $0.350 range and started to decline. The current price is in a consolidation phase. If it breaks through the resistance of $0.3350, it may usher in a rebound.

Price trend analysis

DOGE is currently below $0.350 and is suppressed by the 100-hour simple moving average. On the DOGE/USD hourly chart, a bearish trend line has formed with the main resistance at $0.3350. If the price breaks through this point, it may gain upward momentum.

Bear market downtrend and support level

Dogecoin failed to break through $0.40 and entered the downtrend range, breaking the $0.350 support, and the price once fell back to $0.3143. The price has recovered at present, but it is still below $0.340 and faces resistance at $0.3350 and $0.3420.

Future Trend and Support Analysis

If it fails to break through $0.3350, DOGE may fall again, with initial support at $0.320 and $0.3150. If it falls below $0.30, it may fall further to $0.2850 or even $0.2720.

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