Dogecoin is facing a critical test at $0.214, with a potential breakdown that could result in a steep drop in price.
A close below $0.2135 may lead Dogecoin's price to crash down to $0.20 or $0.19, indicating a stronger downtrend.
To break out of the current downtrend, Dogecoin needs to move above key resistance levels at $0.222 and $0.2307.
Analysts are divided on Dogecoin's future, with considerations of a bearish scenario if support levels are breached, while others see potential for a run towards $0.28 if the coin can hold above $0.22.