Dogecoin Hits 2-Month Low- Could DOGE Retest Q3 2024’s $0.08083 Lows?

Dogecoin continues to slide, hitting a two-month low amidst wider market instability and geopolitical tensions. Dogecoin (DOGE) continues to face substantial down pressure, pressing the cryptocurrency better to its least expensive levels of the year.

Dogecoin continues to move, striking a two-month low amidst wider market instability and geopolitical tensions.With trading volume decreasing and crucial assistance levels in jeopardy, additional decreases could soon follow.Dogecoin (DOGE) continues to face substantial downward pressure, pushing the cryptocurrency more detailed to its least expensive levels of the year. While there was a minor recovery, as DOGE edged higher by over 0.50% on Monday to trade at $0.152, the overall outlook remains negative.

Further Decreases Possible for Dogecoin

As the downward trend intensifies, Dogecoin faces increasing pressure at key support levels. The key range is .1434 -.1265, noted Kevin. Should Dogecoin close below the $0.1428 support level, it could trigger a further decline toward the year-to-date low of $0.1298.

Sam Boolman | Crypto Enthusiast and Writer

Sam Boolman is a contributing writer at ChainIntel.org with a long-standing interest in cryptocurrency, blockchain technology, and emerging financial trends. A self-directed trader who actively invests his own capital, Sam follows the markets closely and brings a hands-on perspective to the fast-paced world of crypto journalism. With a background in business and digital media, Sam has written across a variety of sectors including tech, startups, and online finance. His curiosity and enthusiasm for the evolving digital economy fuel his exploration of Web3, decentralised finance, and market developments. Sam is passionate about making complex topics more accessible to everyday readers and continues to expand his knowledge through research, trading experience, and industry engagement.

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