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**Dogecoin (DOGE) Falls 15%, Important Support Threshold Violated – What Happens Now?**
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Dogecoin (DOGE), the meme-stimulated virtual currency, is going through a considerable price reduction amid a wider sell-off within the crypto marketplace.
Preserving its steep drop from in advance within the week, Dogecoin’s worth has diminished by way of over 15% in the past two days, as of early Tuesday trading. Toncoin (TON) Value Forecast for March 26th
This dip has driven Dogecoin beneath its 200-day Simple Moving Average (SMA) of $0.24 for the first time since October 2024. This essential technical threshold had formerly served as a strong support vicinity for Dogecoin’s price.
The general virtual currency marketplace remains unstable, adding stress to Dogecoin’s price. Bitcoin has fallen below $90,000, accomplishing its lowest valuation since mid-November. Other virtual currencies, together with Dogecoin, have additionally seen considerable declines. As of this writing, DOGE is down 14% in the last twenty-four hours, trading at $0.199. Indices monitoring major digital tokens are facing their largest four-day drop since early August.
Altcoins have been under pressure as buyers search for more secure havens, with the industry still reeling from last week’s Bybit hack. Most tokens have misplaced between 30% and 80% of their worth since mid-December.
Dogecoin is maintaining its downward direction, having damaged below the daily SMA 200 of $0.24 after a considerable shift in Monday’s trading consultation.
**Dogecoin Price Movement**
The cost of Dogecoins has been declining, reaching a low of $0.195 on Tuesday. However, should Dogecoin recover from this level of support and regain its position above the 200-day Simple Moving Average (SMA), it may indicate a reduction in selling pressure. In such a scenario, Dogecoin might try to rally towards the $0.30 mark, where it may encounter resistance at the 50-day SMA. Crypto analyst Ali has stressed the significance of the $0.19 support level, cautioning that breaching it could lead to a more substantial correction towards $0.06.
