😱 Dogecoin (DOGE) is on edge: A word of caution for investors!
The tense moments continue for #Dogecoin (#DOGE), facing a downturn as Bitcoin (BTC) sharply dropped to $60,500.
The crypto market, impacted by the Iran-Israel conflict, has stirred panic among investors. Notably, the heightened sell-offs observed in memecoins have drawn significant attention.
Dogecoin, a prominent name in memecoins, experienced a 35% loss in value within a mere two days, disappointing its holders. Can this beloved coin, currently reacting to a critical region, sustain its upward trajectory?
What benchmarks should DOGE investors keep in mind?
The key levels for Dogecoin have been put to the test!
DOGE, riding high on the Memecoin craze for a while, took a different turn amidst geopolitical tensions affecting the crypto sector.
DOGE, witnessing increased sell-offs starting April 12, plunged by 35.33% to $0.12885.
The popular coin, sought after from a crucial support zone, is now trading at $0.15572 at the time of this update.
Factors like the resolution of global issues or BTC surpassing $70,000 could potentially drive DOGE upward again, targeting $0.17565, $0.19229, $0.20668, $0.21957, and eventually $0.23920.
However, ongoing Iran-Israel tensions, BTC staying below $65,000, or a rise in BTC dominance might push DOGE to lower levels, possibly reaching $0.15068, $0.12212, $0.10058, and even down to $0.08377.
