Dogecoin has experienced a three-day price decline, dropping nearly 20% from its monthly high to $0.3787, as profit-taking and negative sentiment take hold. A significant movement of 5.8 billion DOGE tokens indicates investor caution, while technical analysis suggests a challenging short-term outlook, with crucial support at $0.3660 and resistance at $0.4073. However, long-term prospects remain bullish, supported by a golden cross pattern and potential for a breakout above $0.4842, which could lead to a rise towards $1 or even $4.
