Dogecoin (DOGE) is potentially at risk of losing critical support if the price falls from the ascending channel traded in for the last 53 days. Although technical analysis is not an exact science, a daily close below $0.26 will likely invalidate the current movement.

DOGE/USD price at FTX. Source: TradingView

Aside from the Bitcoin (BTC)-driven headwinds, which are weighing on DOGE price, the…


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