Krutika Adani
Dogecoin suffered a massive crash when its price slid down from $0.13 to $0.08 in the first week of this month.
The price of DOGE has been trading below a critical level of $0.125 and is currently in bearish territory.
Dogecoin’s market cap is almost $6 billion higher than Shiba Inu, the next largest crypto. Hence, Dogecoin might not lose its top memecoin tag anytime soon.
As soon as the crypto starts trading above $0.1, it might witness a bullish reversal.
Dogecoin has multiple resistances at $0.125, $0.14, $0.18, $0.22 and $0.28 before it could move towards a new high in 2024.