Dogecoin Price Analysis Plots Fresh Reversal as DOGE Hits Oversold Territory

Dogecoin Price Analysis: The cryptocurrency market experienced a significant downturn this week as Bitcoin decisively broke below the $60,000 mark. The continued sell-off from the Mt. Gox exchange is exerting strong downward pressure on BTC prices, impacting the broader altcoin market as well. Amidst this decline, major altcoins, including Dogecoin, have lost the possibility of forming a local bottom and are extending their corrections further. Is it safe to hold?