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Has The Dogecoin Price Bottomed Out? Analyst Points Out ‘Critical Decision Zone’

  • Dogecoin price action is at a critical decision zone as it tests a historical support area.
  • The price is currently trading within a descending triangle pattern, indicating a bearish trend.
  • However, there are indications of potential exhaustion in the downward momentum, suggesting a possible bottoming at $0.16.
  • If the support at $0.164 holds, there is a chance for a recovery towards the $0.20 region and beyond.

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