DOGE Price Drops Near March 2021 Lows as It Breaches Crucial Support, What's Next?

Dogecoin trends under key support as price drops nears March 2021 low DOGE Crypto DogeFam Dogecoinrise

is nearing its March 2021 low as it struggles near the $0.057 level. Dogecoin recovered from this key level in June and reached highs of $0.091 in August, but bulls could not push the price above this barrier.

At the time of publication, Dogecoin was changing hands at $0.058, marginally up in the last 24 hours. If the selling pressure on the markets declines and the DOGE price rebounds off $0.05, the bulls will again try to propel the pair above $0.09. If that happens, Dogecoin might rise again to the $0.13 level.On the other hand, the RSI below the neutral mark of 50 indicates a slight advantage to bears. If the price turns down from the current level, Dogecoin could slide to the next support at $0.

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