#Dogecoin is at a make-or-break point, sitting at a crucial level of $0.12, and the market is showing clear signs of bearish pressure. We've seen the coin consolidate between $0.14 and $0.12, with a key support level at $0.115. The situation is particularly precarious because of significant bearish breakouts in Bitcoin, which is heavily influencing Dogecoin's price movements. If Bitcoin continues to decline, Dogecoin could easily break down to $0.10. Against Bitcoin, Dogecoin has been trending bearishly, showing that it's even more vulnerable when Bitcoin faces downward pressure. On the fundamental side, the real trigger for a Dogecoin rally would be any news from Elon Musk or developments around Twitter payments (now X payments). Such news could potentially double Dogecoin's price. However, I don’t see any immediate reasons for a bull run, and I’m expecting a bearish breakout if Bitcoin’s downward trend continues. While I remain fundamentally bullish on Dogecoin in the long term, the technicals don't offer much to be optimistic about in the short term.

$DOGE $BTC #Bitcoin #ElonMusk