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Why is Dogecoin price down today?

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DOGE price is down 4% on March 31, and a breakdown of a classic bearish pattern points to a deeper correction in the short term.

Dogecoin (DOGE) is underperforming most of the cryptocurrency market today, having fallen over 4% in the last 24 hours to trade at $0.163.

DOGE/USD daily price chart. Source: Cointelegraph/TradingView

Key takeaways:

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