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Dogecoin Breaks Below $0.20: Will Bears Target $0.13 Next?

  • Dogecoin (DOGE) price declined below $0.20, signaling a potential falling wedge breakdown.
  • Dogecoin witnessed a pullback of 16% and breached the $0.20 psychological mark, currently trading at $0.1931.
  • Technical indicators, including the convergence of 50 and 200 EMA lines, suggest a potential falling wedge breakdown rally.
  • Futures market shows a growing number of bearish positions, with a significant drop in open interest in Dogecoin.

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