Recently, the cryptocurrency market has been experiencing great fluctuations, especially with important assets such as Bitcoin and Dogecoin. Although Bitcoin fell below the psychological limit of $60,000, it managed to recover in a short time. On the other hand, Dogecoin, one of the meme coins that attracted the attention of investors, declined under selling pressure and decreased its value in Turkish Lira by 8%.

Investors Show Interest in Dogecoin

Although investments in Dogecoin increased in April, this increase did not have the expected impact on market value. As fear prevails throughout the market, Dogecoin is heading towards new lows.

Technical Analysis of DOGE

According to technical indicators, Dogecoin's price has fallen as low as $0.1313 and is fluctuating between $0.14 and $0.165. The CMF indicator indicates capital outflows and the 12-hour RSI indicates a downward momentum. This situation shows that the losses experienced in the last five days may continue.

Buying Opportunities and Risks

Dogecoin at low price levels offers investors the opportunity to buy; However, there are also risks in the market for the future. Indicators predict that larger losses may occur.

#BitcoinDunyamiz

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