Dogecoin has entered a downtrend by breaking the support level.

Dogecoin has fallen by %5.5 to $0.1730 due to intense selling in recent times. This situation has caused the cryptocurrency to drop below critical support levels.

The price movements of this memecoin indicate an ambiguous downward trend at the $0.1730 level. Investors are closely monitoring how well the $0.17 support level will hold. If this level cannot be maintained, it is thought that there could be a new pullback towards the range of $0.1650 to $0.1600.