Is Dogecoin Headed For a Correction? Analyst Warns of Major Price Drop

Crypto market analysts are sounding the alarm, warning of potential price drops for Dogecoin (DOGE) and other altcoins. Market watcher Cheds predicts a significant decline in DOGE value, suggesting it could drop as low as $0.11-$0.12 before reaching a target price of $0.16 if certain conditions are met. He attributes this prediction to the shrinking supply of DOGE and a bearish trend within the cryptocurrency market.