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Will Dogecoin Price Crash to $0 in June?

  • Dogecoin price faces concerns of a potential crash in June as it hovers near key support levels and shows bearish signals on the charts.
  • The daily chart indicates Dogecoin has broken below important moving averages and is close to the 100-day SMA, suggesting a possible 21% drop to $0.150 if crucial support fails.
  • Elon Musk's departure from his role linked to Dogecoin is seen as a significant development, as his involvement has been a major driving force behind the coin's value and sentiment.
  • While a complete crash to zero is unlikely without extreme circumstances, a significant decline to $0.10 or even $0.05 is plausible if key support levels at $0.188 and $0.150 give way, supported by weakening social media interest and trading volume.

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