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Dogecoin Declines Amid Investor Fatigue – Is It Time to Exit Holding DOGE?
Since reaching a recent high of $0.48, Dogecoin [DOGE] has struggled to maintain its upward momentum. The memecoin has traded within a consolidation range between $0.42 and $0.37 since then. In fact, as of the time of writing, DOGE is trading at $0.3832. This marks a 4.11% decline on the daily chart. The recent decline after a sustained upward trend signals a potential change in market momentum. Accordingly, renowned cryptocurrency analyst Ali Martinez sees the current market situation as a bearish signal.
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