DOGECOIN: Will Panic Selling Subside or Signal an Ongoing Bloodbath

• According to Coingabbar Price Analysis, The DOGE price action warns of a trend reversal in early 2024, evident in the daily chart's falling channel breakdown.

• The bearish trendsetter for Dogecoin occurred on January 3rd with a bearish engulfing candle, breaching the descending support trendline.

• Dogecoin has struggled in the last two days to break inside the descending channel pattern but has been unable to sustain, resulting in visible selling pressure.

• A fresh decline could be triggered if there's a failure to break above $0.0850.

• The critical question is whether DOGE will hold at $0.8000 or not, a key consideration in technical analysis.

KEY LEVELS :

RESISTANCE LEVEL : $0.08400-$0.08800

SUPPORT LEVEL : $0.07700-$0.07300

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.