Dog-themed cryptocurrency Dogecoin (DOGE) is trading at a crucial price juncture where a loss of crucial support might see it add a zero to its price tag. At the time of writing, Dogecoin was trading down 1.21% in the last 24 hours to $0.1297, approaching a crucial support that remains decisive for its price action after it breached a multi-year support trendline. According to Ali Charts, Dogecoin (DOGE) is sitting on a critical support at $0.128 after breaking a multi-year support trendline.
The analyst added that if selling pressure builds, $0.090 might come next, implying Dogecoin adding a zero to its price tag. Dogecoin (DOGE) is trading near a crucial support level after breaching a multi-year trendline. At press time, the token was down 1.21% in the last 24 hours to $0.1297, signaling selling pressure near the key area. Ali Charts notes a critical support at about $0.128.
If selling pressure persists, a move toward $0.090 could come next, suggesting DOGE may drop further if the line fails. The setup underscores DOGE’s sensitivity to long-term trendline breaches, with volatility likely as traders assess the downside risk. Investors will be watching whether buyers emerge at the $0.128 level to defend the line.
Leave a Reply