Based on BitJie, Dogecoin (DOGE) dropped 5.5% to $0.1730 on Tuesday as Bitcoin's decline weighed on the broader market. The price broke below the key $0.1720 level, testing long-term technical support. The sell-off accelerated during European trading hours, with the price fluctuating within a $0.0121 range and forming a textbook lower high, lower low pattern. A surge of selling pressure at the $0.1789 resistance triggered a chain reaction of support breakdowns, until buyers stabilized the price near $0.1719. The $0.1719 area has been repeatedly tested, forming a fragile base that could determine the next directional move. Volume has gradually declined from peak levels, suggesting temporary weakness among sellers, but without follow-through buying, the market remains vulnerable to further downward pressure.
Dogecoin Falls 5.5% Amid Bitcoin-Driven Market Downturn
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