Dogecoin Dips Below $0.2: Will the $0.17 Support Z

Dogecoin dips below $0.20 amid a broader meme coin market correction, testing the critical $0.17 support zone. Are the bears about to take control?

With the crypto market pulling back, the meme coin sector has seen a 5% decline in market capitalization over the past 24 hours, falling to $60.47 billion.

As the broader market corrects, Dogecoin is down nearly 10% in the same timeframe, breaking below the psychological $0.20 level. Will this pullback in the largest meme coin lead to a breakdown of the $0.17 demand zone?