Dogecoin Price Update

Dogecoin’s price has fallen below the critical support level of $0.20, continuing its recent downtrend as bearish pressure within the crypto market intensifies. This decline occurs despite US regulators classifying meme coins as collectibles, thus not subject to securities laws. However, the broader crypto market is currently experiencing one of its most significant selloffs in history.

Future Outlook

The question remains: Can the DOGE price recover, or is there a risk of further decline to $0.10?