Dogecoin Price Drops 5% to $0.12, Breaking Key Technical Support Level

The price of Dogecoin (DOGE) has experienced a notable decline, falling approximately 5% to the $0.12 level. This downward move is significant as it represents a breakdown below a crucial technical resistance-turned-support zone that traders were closely monitoring. The breach of this level suggests a shift in short-term market sentiment and could indicate potential for further bearish pressure. Market analysts are observing whether DOGE can find new support or if the sell-off will continue, with many investors now watching the next key price thresholds. This movement aligns with broader volatility seen in the cryptocurrency market.