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Dogecoin Needs to Stay Above $0.25—Or Risk a 50% Drop
Dogecoin holders are growing anxious as the meme coin hovers around the critical $0.25 mark. While optimism builds over a potential ETF approval, which could fuel a parabolic rally, historical patterns suggest a risk of significant downside.
With market volatility on the rise, $DOGE E faces a crucial test. Will it maintain support and surge higher, or could a breakdown trigger a sharp decline? Investors are watching closely as the next move could define Dogecoin’s short-term future.
Dogecoin is teetering near $0.25, leaving investors uncertain about its next move. The recent MVRV death cross suggests a possible 50% decline, echoing past downturns. However, a 75% chance of DOGE ETF approval in 2025 could spark massive demand and drive prices higher.
Currently, Bitcoin’s dip to $96,300 has triggered a broader market pullback, dragging Dogecoin’s price down 3% in the last 24 hours and reducing its market cap to $70.37 billion. Despite this, DOGE has managed to hold above $0.24, rebounding 6.7% last week.
With bulls battling at the 200-day EMA, the next move could be decisive. A breakout above $0.50 might send Dogecoin soaring toward $1.80–$5.80, while failure to hold support could lead to new lows in 2025. Will $DOGE withstand the pressure or give in to the bears.
Dogecoin Faces Key Resistance—Breakout or Breakdown Ahead?
Dogecoin’s recent attempt at a bullish comeback stumbled as it failed to break the 20-day EMA resistance, leading to a price rejection. Currently trading at $0.2630, DOGE has formed a Doji candle with a slight 1.01% pullback, reflecting market indecision. The meme coin also struggles to maintain its position above the 200-day EMA.
Despite this, the MACD indicator shows a positive signal, with rising histograms and a bullish crossover, hinting at possible recovery. However, the 50-day and 100-day EMA lines are nearing a bearish crossover, adding uncertainty to the outlook.
Crypto analyst Ali Martinez recently pointed out an MVRV death cross, a pattern that has historically triggered significant price declines. While a $DOGE ETF approval in 2025 could ignite a major rally, the immediate risk of a downturn remains.
Dogecoin at a Turning Point: Will History Repeat Itself
Dogecoin’s recent death cross between the MVRV ratio and price levels has raised concerns among traders. Historically, similar patterns in July 2023 and June 2024 led to 26% and 44% declines, respectively. If this trend continues, DOGE could face a 50%+ drop, adding to the uncertainty in the market.
However, crypto analyst Ali Martinez suggests a bullish reversal might still be in play. On the weekly chart, DOGE is moving within a parallel channel, hinting at a potential rebound. If the meme coin breaks above key resistance, it could challenge higher price levels, especially with growing speculation around a DOGE ETF approval in 2025.
Dogecoin’s Next Move: Crash or Breakout?
Dogecoin is at a crucial price point, balancing between bullish potential and bearish risks. With speculation around a DOGE ETF approval in 2025 growing, demand for the meme coin could surge. According to PolyMarket, there’s a 75% probability of a DOGE ETF approval next year, fueling investor optimism.
However, DOGE’s price remains near the 200-day EMA, following a morning star pattern. A pullback to $0.2465 is possible if bearish pressure increases. On the flip side, if bulls successfully defend the EMA level, Dogecoin could push toward the $0.30 psychological resistance.
The big question remains—will DOGE break out or face a steep correction?
With market volatility on the rise, $DOGE E faces a crucial test. Will it maintain support and surge higher, or could a breakdown trigger a sharp decline? Investors are watching closely as the next move could define Dogecoin’s short-term future.
Dogecoin is teetering near $0.25, leaving investors uncertain about its next move. The recent MVRV death cross suggests a possible 50% decline, echoing past downturns. However, a 75% chance of DOGE ETF approval in 2025 could spark massive demand and drive prices higher.
Currently, Bitcoin’s dip to $96,300 has triggered a broader market pullback, dragging Dogecoin’s price down 3% in the last 24 hours and reducing its market cap to $70.37 billion. Despite this, DOGE has managed to hold above $0.24, rebounding 6.7% last week.
With bulls battling at the 200-day EMA, the next move could be decisive. A breakout above $0.50 might send Dogecoin soaring toward $1.80–$5.80, while failure to hold support could lead to new lows in 2025. Will $DOGE withstand the pressure or give in to the bears.
Dogecoin Faces Key Resistance—Breakout or Breakdown Ahead?
Dogecoin’s recent attempt at a bullish comeback stumbled as it failed to break the 20-day EMA resistance, leading to a price rejection. Currently trading at $0.2630, DOGE has formed a Doji candle with a slight 1.01% pullback, reflecting market indecision. The meme coin also struggles to maintain its position above the 200-day EMA.
Despite this, the MACD indicator shows a positive signal, with rising histograms and a bullish crossover, hinting at possible recovery. However, the 50-day and 100-day EMA lines are nearing a bearish crossover, adding uncertainty to the outlook.
Crypto analyst Ali Martinez recently pointed out an MVRV death cross, a pattern that has historically triggered significant price declines. While a $DOGE ETF approval in 2025 could ignite a major rally, the immediate risk of a downturn remains.
Dogecoin at a Turning Point: Will History Repeat Itself
Dogecoin’s recent death cross between the MVRV ratio and price levels has raised concerns among traders. Historically, similar patterns in July 2023 and June 2024 led to 26% and 44% declines, respectively. If this trend continues, DOGE could face a 50%+ drop, adding to the uncertainty in the market.
However, crypto analyst Ali Martinez suggests a bullish reversal might still be in play. On the weekly chart, DOGE is moving within a parallel channel, hinting at a potential rebound. If the meme coin breaks above key resistance, it could challenge higher price levels, especially with growing speculation around a DOGE ETF approval in 2025.
Dogecoin’s Next Move: Crash or Breakout?
Dogecoin is at a crucial price point, balancing between bullish potential and bearish risks. With speculation around a DOGE ETF approval in 2025 growing, demand for the meme coin could surge. According to PolyMarket, there’s a 75% probability of a DOGE ETF approval next year, fueling investor optimism.
However, DOGE’s price remains near the 200-day EMA, following a morning star pattern. A pullback to $0.2465 is possible if bearish pressure increases. On the flip side, if bulls successfully defend the EMA level, Dogecoin could push toward the $0.30 psychological resistance.
The big question remains—will DOGE break out or face a steep correction?
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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