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Dogecoin Fails $0.34 Breakout: Will Bears Retest $0.30?

  • Dogecoin fails to break above $0.34, retreats towards $0.31 support level.
  • Strong bearish sentiment with consistent downward movement and negative alignment of moving averages.
  • Technical indicators issue sell signal, suggesting potential further downside for Dogecoin.
  • Potential double-bottom reversal could initiate bullish recovery, retesting $0.40 mark; failure to hold $0.30 support level risks significant drop.

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