Dogecoin's price recently dropped to a three-month low of $0.20 amidst a broader cryptocurrency sell-off.
Crypto analyst David_Perk warns that Dogecoin is still in a strong downtrend, indicating a potential further crash to $0.15.
The recent dip in Dogecoin's price has erased a significant portion of its gains, and if it declines to $0.15, it would mark a near-total retracement of the late 2021 rally.
Dogecoin is currently trading at $0.21, with the possibility of avoiding a further dip to $0.15 if it can maintain support at $0.20 and break above $0.25.