Dogecoin Bottom Not In? Analyst Warns DOGE’s Macro Downtrend Won’t Be Over Soon

What: Dogecoin (DOGE) is retesting a key multi-year support, sparking concerns about a potential prolonged bearish trend.
Why: Analysts warn that the current macro downtrend may not be over soon, suggesting a possible extended period of market volatility.
Signal: DOGE's retest of the multi-year support could be a strong indication that the bottom is not in yet, prompting investors to exercise caution.
Target: Investors are advised to set a higher target for potential recovery, as the current downtrend may persist for an extended period.
Risk: Investors who are long on DOGE may face significant risks, including further price declines, if the bottom is not in yet.