Dogecoin Price Analysis: DOGE Breaks Key Support, Targets Lower Demand Zone

Dogecoin (DOGE) has experienced a significant bearish move, breaking below a crucial short-term support level. This technical breakdown suggests increased selling pressure, with analysts now eyeing a lower demand zone as the next potential target. The breach of this support level indicates a shift in market sentiment, potentially leading to further downside if buyers fail to step in at lower price points. Traders are closely monitoring DOGE's volume and momentum indicators for signs of a reversal or continuation of the current downtrend. This price action places Dogecoin in a critical phase, where its next move could set the tone for the near-term market structure.