Crypto analyst Cheds has issued a stark warning about Dogecoin's (CRYPTO: DOGE) potential for a "large drop" amid the ongoing market correction.

Crypto分析師Cheds在正在進行的市場糾正中發出了關於Dogecoin（加密：Doge）潛力的嚴格警告。

What Happened: Prominent crypto analyst, known as Cheds, on X (formerly Twitter), has issued a warning about Dogecoin's (DOGE) potential decline amid the ongoing market correction.

發生了什麼：X（以前稱為Twitter）上的著名加密分析師，被稱為Cheds，在持續的市場糾正中發布了有關Dogecoin（Doge）潛在下降的警告。

The strategist believes that DOGE could see a significant drop if it fails to hold a critical support level. According to Cheds, Dogecoin might face a sharp correction of around 33%, pushing its price down to the $0.11-$0.12 range if it loses stability at $16.

戰略家認為，如果Doge無法保持關鍵的支持水平，Doge可能會看到大幅下降。根據Cheds的說法，Dogecoin可能會面臨約33％的急劇校正，如果穩定性下降16美元，則將其價格降至0.11- $ 0.12。

He suggests that the current market structure doesn't offer much optimism for DOGE, indicating that the memecoin could be heading for a lower bottom before finding solid ground.

他建議目前的市場結構對Doge並不樂觀，這表明Memecoin可能會在找到堅實的基礎之前前往較低的底部。

According to Cheds, during a recent strategy discussion, he emphasized that the chart looks unfavorable, highlighting a strong descending supply trend.

根據Cheds的說法，在最近的戰略討論中，他強調該圖表看起來不利，強調了強烈的下降供應趨勢。

"Little reason to be optimistic on $DOGE ... Chart signals a potential move to test lower prices," said Cheds in one of his recent posts.

Cheds在他最近的一篇文章中說：“對$ DOGE保持樂觀的理由幾乎沒有理由表明測試較低價格的潛在舉動。”

Dogecoin Price Action: At the time of writing, Dogecoin is trading at $0.172 after a 16% decline in the past 7 days.

Dogecoin價格行動：在撰寫本文時，Dogecoin在過去7天下降了16％之後的交易價格為0.172美元。