Dogecoin Price Faces Its Hardest Quarter Yet, But Analysts Say a Massive Rally Could Be Next
NeutralCryptocurrency

Dogecoin's price has faced significant challenges, dropping over 3% this week and testing the critical support level of $0.17. This decline is attributed to persistent outflows and a bearish market sentiment, with heavy selling during European trading hours contributing to the downturn. The daily RSI is around 41, indicating limited buying strength, while resistance levels remain at $0.182 and $0.199. However, on-chain data reveals that mid-tier whales are accumulating nearly 5 billion DOGE, suggesting that despite the current struggles, there may be potential for a rally. Analysts speculate that this accumulation could lead to increased volatility, hinting at a possible recovery in the near future.
— via World Pulse Now AI Editorial System







