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$DOGE The decline in Dogecoin reflects technical signals, whale selling, and overall market caution. While oversold market conditions might aid a price recovery, the lack of clear positive factors such as news from Elon Musk or ETF funding suggests the trend remains bearish.
Things to follow:
The question is whether DOGE's price can maintain support at $0.118. A break below this level could lead to a sharp decline similar to the one in 2022 when the price dropped to $0.05. It's important to monitor whale selling on exchanges and the Bitcoin support level at $88,000 for future market direction signals.