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Dogecoin Slides to Multi‑Day Lows as Bears Test $0.20 Support

Fading rate‑cut optimism leaves traders cautious before key U.S. data.

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Overview

  • DOGE fell again on Tuesday after a sharp Monday drop, hitting an intraday low near $0.2178 and hovering around $0.21–$0.22.
  • The token trades below key hourly levels and the 100‑hour simple moving average, with a bearish MACD and an RSI below 50 signaling negative momentum.
  • Weekly charts highlight a symmetrical triangle/bearish pennant setup and price below the 50‑ and 100‑week EMAs, suggesting sellers remain in control.
  • Analysts flag nearby supports at roughly $0.2060–$0.2020, with $0.20 seen as critical; a break lower could open targets near $0.1880 or $0.1820.
  • Outlooks diverge, with one analyst calling for a potential 30% rebound while others warn of a larger breakdown toward about $0.1360, and traders eye upcoming U.S. PCE and jobs reports as possible catalysts alongside later‑year ETF decisions that could influence sentiment.