Dogecoin price down 25% in 2 days, DOGE heading to $0.22?

This popular analyst remains a Dogecoin (DOGE) holder and expects a new ATH soon: details


TL:DR;

Although the overall cryptocurrency market has corrected significantly over the past 36 hours, DOGE has been one of the poor performers as its price has plunged more than 25 percent. Many analysts are weighing in on DOGE's upcoming price developments, with some predicting further declines at key resistance lines such as $0.22.

Since yesterday's FOMC meeting, price charts across the entire cryptocurrency market have been in the red. Although the Fed cut interest rates by 25 basis points as expected, Chairman Jerome Powell warned that there would be no rate cut in 2025 and said the central bank would not be allowed to buy BTC despite Trump's pledge.

Phemex

As usual, altcoins are hit harder than BTC, but some have bled more than others. Such is the case in the Big Meme coin.

Dogecoin traded above $0.41 on Tuesday, but a market-wide correction pushed it south to $0.34 yesterday. After a small advance to $0.365, the asset fell sharply today, falling to a 5-week low of $0.31. So, the OG meme coin shed more than 25% of its value in 36 hours.

Many crypto analysts believe that the asset correction is not over. Jake Wujstick tells his nearly 300,000 followers that DOGE can be flashed below $0.27.

Rose Premium Signals, another popular X label for crypto analytics, has shared a chart showing that Dogecoin's fall to a key support area of ​​$0.22 could end before continuing the bull run that started after Donald Trump won the 2024 US presidential election. In early November.

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