#Dogecoin price closed below $0.150, signaling a short-term bearish trend in line with Bitcoin and Ethereum.
#Dogecoin faced losses, dropping below $0.1350 against the US Dollar and is now testing a critical support level at $0.1200.
Despite a slight rebound above $0.1250, progress was hindered by resistance at $0.130.
Historical data shows Dogecoin breaking out from descending triangle patterns in 2017 and 2021, with retracements of 40% and 56%, respectively.
In 2024, $DOGE experienced a 47% correction after breaking out from a descending triangle, resembling past cycles.
There's speculation that Dogecoin could potentially approach $1.00 in the future if historical trends repeat.
According to Coingabbar Price Analysis, Failure to breach $0.1350 resistance may trigger further decline. Initial supports: $0.1220, then $0.120 and $0.1040.
KEY LEVELS :
RESISTANCE LEVEL : $0.17000-$0.23000
SUPPORT LEVEL : $0.09000-$0.05000
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