Do Dogecoin Prices Rise Again?
Memecoin market value fell 65% from $116.7 billion to $40.46 billion in Q1 2025. The decline has Dogecoin battling to get over $0.15.
The Dogecoin market price has decreased from $0.46 to $0.1475 in 120 days. It plummeted about 70%. Dogecoin reversal possible?
Dogecoin Price Analysis
The falling trend broke $0.15 key support. Fibonacci levels show the falling trend hitting 23.60% support at $0.1379.
Dogecoin gains 4.07% intraday after a lower price rejection, suggesting a recovery. This may test the long-term resistance trendline, limiting Dogecoin's positive expansion.
The 100- and 200-day EMA lines just crossed negatively due to the downturn. It completes the bearish alignment of the 20, 50, 100, and 200-day EMA lines.
The daily relative strength indicator shows a positive divergence, suggesting a bullish comeback. The RSI line is slightly above the oversold level, although it diverged bullishly from the last low. This might revive Dogecoin.
The big drop in the previous 48 hours shows crypto whales losing trust in meme currencies as global market volatility rises. Dogecoin might see a significant supply rise if the trade conflict keeps the price unpredictable.
Ali Martinez also points to a long-term support trend line, minimizing downside risk. With the 67.80% Fibonacci retracement at $0.13, this critical support might boost Dogecoin prices.
Dogecoin's immediate support is the same trend line from October 2023.
Dogecoin Futures
Despite mounting uncertainty, Dogecoin traders expect a positive recovery. Dogecoin futures have fluctuated more in the previous 24 hours.
However, the reversal has increased long positions from 48.55% to 52.87%. This increases the long-to-short ratio from 0.9436 to 1.1218 in 4 hours. This indicates significant Dogecoin bullishness.
According to Fibonacci levels and price action analysis, the recovery run may hit the 20-day EMA line at $0.1656. This matches the long-term resistance trendline.
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