Here’s The Critical Support The Dogecoin Price Must Hold Or Risk Total Breakdown

The recent crypto market downturn triggered a sharp decline in the Dogecoin price that saw it erase its gains from prior days. However, this move has also exposed a critical level that the cryptocurrency must hold if there is to be any hope of a recovery. As with any critical support level, holding above it with momentum has its upsides, but also, breaking below it could have some dire consequences for Dogecoin holders, who are already seeing a lot of losses.

Why Dogecoin Price Must Hold $0.15

In a shared post on TradingView, crypto analyst The Alchemist Trader highlighted how the Dogecoin price is now facing critical support just above $0.15. This level has held through the last drawdown as buyers seem to have chosen this level to stage their defense. However, the meme coin is stil