Dogecoin Declines Further: Analysts Target $0.081 as Potential Rebound Level

Sparse Support Under Current Price: Dogecoin's UTXO Realized Price Distribution indicates minimal historical buying below current levels, suggesting weak structural support and potential for rapid downward movement toward the $0.081 accumulation zone.

Symmetrical Triangle Formation Signals Fragility: A 12-hour symmetrical triangle pattern has formed, reflecting low trading volume and weak buyer defense, which could lead to increased volatility and a potential breach of the lower boundary toward the $0.081 support.

Volatile Price Action Reflects Shallow Support: Recent market behavior shows sharp pullbacks and rebounds, indicating weak defense at current price levels, with significant support only appearing near $0.081, making the market vulnerable to larger declines.

Analysts' Recommendations: Traders are advised to closely monitor the thin support and technical patterns, as the lack of concentrated buyers at current levels leaves Dogecoin exposed to rapid price movements until stronger support emerges.