Dogecoin Price Drops 9% Following Bitcoin Decline: Is a Major DOGE Crash Next?

The price of Dogecoin (DOGE) has experienced a significant drop of 9%, closely mirroring a broader downturn in the cryptocurrency market led by Bitcoin's weakness. This sharp decline has raised concerns among investors about the potential for a more substantial sell-off. Market analysts point to Bitcoin's recent price action as a key driver for the slump in altcoins like DOGE. The correlation between Bitcoin and Dogecoin remains strong, suggesting that further BTC volatility could dictate DOGE's short-term trajectory. Traders are now closely watching critical support levels for Dogecoin to gauge whether the current correction will deepen or stabilize. The overall sentiment in the crypto market is cautious, with many assets facing selling pressure.