Dogecoin Could Drop to $0.06 If It Can't Maintain This Support Level

Recently, some experts have warned that if this popular meme coin cannot hold important support levels, it could fall sharply — potentially dropping to a low of $0.06. Here are the reasons why the upcoming weeks may be very important for Dogecoin holders. Important support level $0.17 According to recent technical analysis shared by the famous cryptocurrency analyst @ali_charts, $0.17 represents an important support level for Dogecoin. The price of DOGE has fluctuated around this threshold, and if it cannot maintain this price level, it could lead to a much deeper fall. Essentially, the support level of $0.17 is considered the decisive point for the success or failure of Dogecoin.

If Dogecoin falls below $0.17 without reclaiming the support level, it is likely to face more downward pressure, with analysts predicting it could drop to $0.06. This prediction is based on technical analysis highlighting the possibility of the price dropping through established support levels, especially when there are no clear catalysts for a bullish move. Why is $0.06 a feasible target The expected fall to $0.06 is based on technical indicators and historical price patterns. If Dogecoin loses its position at $0.17, the next strong support level seems to be significantly lower — around $0.06. The reason this level is important is that it is considered a critical point of previous price consolidations. Falling to this level would cause serious losses for investors who have held this token, especially considering its peak in 2021.