Dogecoin is exchanged below the key liquidity levels since the price struggles with intense sales pressure. The entire market of meme coins has seen enormous liquidity deflowers, with fear and uncertainty that dominate the feeling of investors. Speculative activities such as doge were affected more hard, leading to a strong drop in prices of over 35% from mid -February. With the negative momentum that is still guiding the market, some analysts hypothesize that this trend could continue, possibly pushing doge to even lower levels.
However, not all analysts are bearish on the future of Dogecoin. Analyst Ali Martinez shared a long -term technical analysis suggesting that, despite recent struggles, Doge is still positioned for a potential gathering. According to Martinez, if Dogecoin holds support from $ 0.16 to $ 0.19, the route remains open for a potential movement to $ 4 in the coming months. This support area has historically been an area of critical accumulation and if buyers enter, Dogecoin could be fixed for an aggressive rebound.
With the meme coins market in a crossroads, Dogecoin remains a key resource to look at. The fact that you continue to fall or claim the strength will depend on how this level of crucial support is worth in the coming weeks.
Dogecoin is preparing for a macro move
Dogecoin is exchanged below the sign of $ 0.25, a key price level that will determine the short -term direction. The meme coins market continues to bleed, with speculative activities that face the worst sales pressure. Dogecoin, the leader of this sector, dropped by 46% since the end of January, fighting to resume the momentum because the market remains frightening. Analysts warn that a further disadvantage is possible unless buyers intervene to defend the key support.
Martinez’s analysis highlights a long -term crucial perspective for Dogecoin. Note that if Doge holds support from $ 0.16 to $ 0.19, the path remains open for a potential movement to $ 4.
This would represent an increase in prices of 1,700%, making Doge one of the most explosive activities on the market. However, Martinez underlines that this move will take time and even if Doge holds these levels, it does not guarantee an immediate rally.
In the short term, Doge must recover the level of $ 0.25 to break the bearish trend and confirm a potential reversal. If the sales pressure continues, a decrease in less than $ 0.16 could lead to further drop and invalidate the upright prospects. For now, all eyes concern if this level of crucial support is worth, as it could set the foundations for the next main move of Dogecoin.
Dictation of action Doge Price: Key levels to watch
Dogecoin (Doge) is exchanged at $ 0.20 after days of struggle to recover the resistance area of $ 0.21- $ 0.22. The bulls have failed multiple attempts to increase the price and now the bears remain in control while the sale pressure continues to weigh on the price. With a weak momentum in the wider cryptocurrency market and meme coins that face heavy liquidity deflowers, doge is at risk of a further negative aspect.
If Doge cannot hold back the current levels, the next main support is located at $ 0.17, a level in which buyers could try to defend the price. Losing this sign could lead to another leg, confirming a prolonged correction. On the other hand, a strong rebound and a level recovery of $ 0.25 would indicate that the bulls have regained control and could trigger a massive recovery.
For now, Doge must break above the level of $ 0.22 and put them in support to build momentum for a potential rally. If buyers intervene and push the price above $ 0.25, he would confirm a turnaround and open the path for higher objectives. However, with the bears that still guide the market, the risk of a deeper drop remains high, making the next few days crucial for the action of doge’s prices.
First floor image from Dall-E, TradingView chart