Dogecoin’s Price Faces Critical Support Level

Dogecoin (DOGE) has been under significant bearish pressure, struggling to initiate a substantial rally. The cryptocurrency analyst YG Crypto predicts that DOGE could drop to $0.09 if it falls below its current support zone of $0.11200 to $0.11500. However, there’s potential for a rebound if it breaks above $0.16, possibly reaching $0.170 to $0.176. Another analyst, Kaleo, suggests that DOGE might dip to $0.08 or $0.1 in the near term but believes it could eventually hit $1 or $2, driven by a memecoin supercycle. The current price of DOGE is around $0.12.