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Dogecoin

The king of <a href="https://coin-turk.com/hindistan-merkez-bankasi-baskani-das-aciklamalariyla-kripto-para-yatirimcilarini-korkuttu" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> continues to fluctuate, and after testing the latest resistances, the price has eased towards support. While <a href="https://en.coin-turk.com/bitcoin-price-could-be-ready-to-break-30000-resistance/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a> price has largely remained stable, <a href="https://coin-turk.com/dikkat-doge-coin-cephesinde-buyuk-gelisme-yenilikler-yolda" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/dogecoins-surprising-turn-record-breaking-transaction-volume-and-the-musk-factor/" data-wpel-link="internal" rel="noopener noreferrer nofollow">DOGE</a>, which has stayed mostly stagnant, suffered significant losses from the recent drop. As most altcoins share this fate, <a href="https://coin-turk.com/abdli-senator-isyan-etti-bitcoin-ve-kripto-paralari-suclamayi-birakin" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/bitcoin-price-surges-amidst-volatility-data-and-analysts-insights/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> market dominance has once again risen above 50%.
<h2 style="text-align: justify" id="dogecoin-doge-analysis">Dogecoin (DOGE) Analysis</h2>
Yesterday, DOGE price lost its 120-day horizontal support. In the DOGE price predictions articles we have shared over the past 14 days, we have constantly emphasized this risk. The drop was fueled by miner sales, with the final push coming from BTC losses. As a result, DOGE fell below $0.06 due to the losses in Bitcoin price.
On the daily chart, the $0.06 support has been noticeably significant since June 10. In addition to losing this level, the price formed a descending triangle, which is considered a bearish pattern, trading below a declining resistance trend line since July 25.
<img decoding="async" class="size-full wp-image-265087 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/10/DOGE-Kac-Dolara-Duser.png" alt="" width="1892" height="782">
DOGE price, which dropped to $0.057, the lowest price since August 17, is still close to the $0.055 support level.
<h2 style="text-align: justify" id="doge-price-prediction">DOGE Price Prediction</h2>
The daily RSI supports a downward trend, and the readings on the weekly chart are not promising either. DOGE price is trading within a larger descending triangle formation with a base at $0.057. As mentioned earlier, this is a bearish formation, and if the base is lost, further losses are likely to accelerate.
<img decoding="async" class="size-full wp-image-265088 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/10/DOGE-Fiyati-yUKSELIR-mI.png" alt="" width="1887" height="780">
If the base line is lost, a 67% loss can occur, which means the price could drop to $0.02, as indicated by the descending triangle.
Some experts are concerned about BTC losing $26,800 in the near future and dropping to $25,000 and $23,000. In this scenario, DOGE price could also drop to $0.02 due to the impact of overselling (as indicated by the descending triangle).
Of course, technical analysis does not predict the future and does not have to follow price formations. However, past experiences indicate that this is the most likely scenario. The weekly chart also supports the downward trend in RSI.
Despite the bearish prediction, if DOGE price bounces from $0.057, it could recover up to the long-term declining resistance trend line at $0.07. Continue Reading: <a href="https://en.coin-turk.com/dogecoin-doge-price-could-drop-by-67-pay-attention-to-critical-level/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/dogecoin-doge-price-could-drop-by-67-pay-attention-to-critical-level/</a>

Dogecoin (DOGE) Price Could Drop by 67%, Pay Attention to Critical Level

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