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Dogecoin Danger: A Dip Under $0.16 Could Trigger A 30% Crash—Analyst

  • Dogecoin is testing a crucial support level at $0.168 that could trigger a 30% crash if breached.
  • The current chart pattern resembles a four-year cup-and-handle setup, with a target near $0.75 if it breaks above the triangle's upper trendline.
  • Momentum indicators suggest weakness, with the RSI below 50 and moving lower.
  • US regulators are set to rule on a Dogecoin ETF on June 15, potentially influencing market sentiment.
  • CoinCodex forecasts Dogecoin at $0.20 by July 18, with market sentiment neutral.
  • Holders and traders are advised to monitor price action around $0.168 and the upcoming ETF decision.
  • Dogecoin faces a pivotal moment that could lead to a significant move in either direction.
  • The support level, volume, and regulatory decisions will be critical factors determining Dogecoin's future price action.

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