Dogecoin price crashed alongside the crypto market when the Bitcoin price dropped hard toward $100,000. This was spurred by a very public dispute between US President Donald Trump and billionaire Elon Musk over differences yet to be revealed. As the meme coin’s price tumbled, it broke through multiple minor supports, showing that the bears have taken charge once more. This puts it in a perilous position as it now sits close to an important support level.

Why Dogecoin Price Must Hold $0.16

Crypto analyst The Alchemist Trader has revealed that $0.16 is the most important level for the Dogecoin price right now. The analyst points this out in a TradingView post showing how the meme coin has been fairing recently , and how it had moved through various important levels.

The first level t

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