Dogecoin Price Plummets: Analyst Signals 40% Potential Move Ahead

Despite the overall crypto market showing modest gains, Dogecoin prices took a nosedive, dropping by 5.35% over the last 24 hours to $0.2249. While the broader market cap ticked up 0.49%, Bitcoin saw a decrease of 2.36% in the past week but recovered slightly with a 0.34% gain within the last 24 hours. Ethereum dipped by a small 0.24% but remained relatively flat, mirroring Dogecoin’s trend. Meanwhile, Shiba Inu and other meme coins experienced declines as well. 53 on the sentiment index indicates a neutral market. 43 for altcoin season suggests Bitcoin still holds more momentum. Analysts predict Dogecoin price targets ranging between $0.18 to $0.29 based on specific patterns.