Dogecoin’s Price Prediction: Will it Drop to $0.20 or Surge Again?

Recent price drops for Dogecoin (DOGE) have led some analysts to predict a potential decline below the $0.20 psychological support level. The cryptocurrency is currently trading at around $0.2264, a decrease from recent highs. This has triggered concerns among investors, especially after a descending triangle pattern was observed on its 4-hour chart. This pattern signifies bearish momentum, and the price action suggests it could fall below the crucial level of $0.20.