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Dogecoin Momentum Fades – Analyst Expects $0.213 Retest

  • Dogecoin is consolidating below the $0.26 resistance level after facing a sharp rejection, dropping over 18% since its local high on May 10th.
  • Analyst Ali Martinez expects Dogecoin to retest the $0.213 level, which previously acted as both resistance and support, if bullish momentum continues to fade.
  • Speculation surrounds Dogecoin's potential to lead if the market regains momentum, but risks persist as the meme coin hovers above key support levels.
  • Dogecoin's current trading at $0.221 shows signs of weakness, with potential support near $0.213 and resistance at $0.269, indicating a pivotal moment for the cryptocurrency in the coming days.

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