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Dogecoin Price Drops Below Key Levels – How Low Can It Go?
- Dogecoin's price has dropped below key levels, facing pressure due to being excluded from X's 2025 crypto integration roadmap and experiencing technical breakdowns.
- X's rumored crypto payment integration plans did not mention Dogecoin, leading to speculation about its role in the fintech ecosystem and triggering a wave of sell-offs.
- Dogecoin has breached critical technical levels, including the 10-day SMA at $0.176 and the 50-day SMA at $0.201, indicating a shift to bearish momentum.
- The 14-day RSI for Dogecoin is at 31.94, signaling oversold conditions without any bullish divergence.
- If Dogecoin fails to hold the $0.159 support level, it could potentially drop towards $0.14, last seen in April and May 2023.
- The broader market context shows altcoin weakness, with Bitcoin dominance rising and the Crypto Fear & Greed Index dipping to 43 (Neutral).
- Current bearish pressure may lead Dogecoin to target levels such as $0.148 and $0.136–0.140 if the $0.159 support is decisively broken.
- Dogecoin may struggle to recover without improved sentiment or a bullish catalyst, such as Elon Musk's endorsement or utility in X's ecosystem.
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