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Blockonomi
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Dogecoin (DOGE) Price: 18% Drop Since May 10th Creates Critical Support Test
- DOGE has dropped over 18% since May 10th, now trading around $0.23.
- Price is consolidating between the 200-day EMA ($0.219) and 200-day SMA ($0.269).
- Analyst Ali Martinez suggests a possible retest of the $0.213 support level.
- On-chain metrics show positive funding rates, indicating bullish sentiment. Technical outlook points to potential 20% gains if support holds.
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