$DOGE has recently experienced a significant price drop, with a long position worth approximately $2,523.90 being liquidated at a price of $0.31549. This event indicates a bearish trend in the market.

Buy Zone.

Analysts suggest that the main support zone for DOGE is around $0.26430. This level has shown strong buying interest, making it a key area for potential bullish setups. A secondary support level is identified at $0.18226 in case of further price decline.

Target.

If DOGE rebounds from the support zone, the next near term target could be around $3. Some experts even suggest that if market conditions become highly favorable, DOGE could reach up to $18.

Stop Loss.

To manage potential risks, traders should consider placing a stop loss order below the recent low. For instance, after a breakout confirmation at the $0.316 price level, a stop loss could be set at $0.306 to minimize potential losses.

Market Outlook.

The cryptocurrency market is highly volatile, and prices can change rapidly. It's essential to conduct thorough research and consider current market conditions before making any trading decisions.

Disclaimer.

This information is for educational purposes only and should not be considered financial advice. Always consult with a financial advisor before making investment decisions.

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