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This Friday, the market for DOGE ( is showing a clear downtrend. In the past 24 hours, the price of DOGE has fallen by about 7%, reflecting a shift in market sentiment towards pessimism.
Data analysis shows that recent short-term holders of DOGE are increasing their selling behavior, indicating a temporary decline in market confidence. As a result, the price of DOGE is under significant pressure and has fallen below the important support level of 0.24 dollars.
From a technical perspective, if DOGE cannot hold its current price level, it may face further downside risk in the future. It is particularly important to pay attention to the key support level at $0.22. If this level is breached, DOGE is likely to continue its downtrend towards the vicinity of $0.198.
Despite facing downward pressure in the short term, DOGE, as one of the mainstream tokens in the cryptocurrency market, still deserves attention for its long-term development. Investors should remain cautious in the current market situation and closely monitor market trends and changes in key price levels.