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Now, let’s dive into this chart analysis:
DOGE is in a downtrend on the weekly timeframe. The price has broken below the blue box, which was a key support, and it's now acting as resistance.
If the market doesn't shift from bearish to bullish, DOGE will likely drop toward the support trendline between $0.055 and $0.0628, a 38%-40% decline from the current price.
To avoid this drop, the market needs a strong rebound.
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