Dogecoin closed below $0.198, its lowest since November 2024, signaling strong bearish momentum.
The cryptocurrency is testing a critical support level at $0.190, and further declines are expected if this level fails to hold.
Key support levels at $0.175 and $0.144 may be tested if buyers remain weak.
While some analysts remain hopeful for a potential reversal, historical trends and market sentiment suggest potential volatility and challenges ahead for Dogecoin.