Once the king of memes that made countless people rich—Dogecoin is now facing a life-and-death test at the $0.168 support level. This is the last line of defense for the bulls. If it breaks below $0.168, it will trigger a 30% avalanche drop, plunging straight into the abyss at $0.12!
Below $0.168 is the 'death vacuum zone'! There is almost no support below $0.168, and once it breaks, DOGE will plummet like a free fall through $0.1, possibly even retesting the 2024 low of $0.09!
Danger signals for Dogecoin have been triggered!
(1) MACD death cross confirmed
The gap between the MACD line and the signal line has widened, which is a sign of a prevailing long-term downward trend. Bears are fully in control, and the downtrend may worsen!
(2) RSI remains weak!
Buying pressure is weakening, continuing to fall below the neutral line to the current position of 42; DOGE could drop sharply at any time!
(3) Federal Reserve delays interest rate cuts
Currently, the Federal Reserve is expected to cut rates twice before December, each by 25 basis points, bringing rates down to around 3.75%. The market's implied probability of a September rate cut will fluctuate with each inflation data release; if housing and services inflation stagnates, traders will push expectations to 2026, and the Federal Reserve's 'vampire mode' will kick in! High interest rates + ongoing balance sheet reduction continue to drain market liquidity, making it difficult for DOGE to see improvement!
Bull market fantasy: Is $0.75 not a dream?
If Dogecoin holds at $0.168, the four-year cup-and-handle pattern is about to complete. The lower support level and the cup handle intersect, creating a potential breakout pattern between the failure support level for the downward channel forming the handle and the upper resistance level. Once a breakout occurs, the target is $0.75 (350% increase), and Dogecoin may initiate the strongest bull market in history!
Dogecoin has not yet experienced a real surge in this round, failing to consistently outperform the market, largely due to restrictive monetary policy... This situation will eventually change. Once the SEC approves the DOGE ETF and the Federal Reserve accelerates interest rate cuts, trillions of dollars will flood in, and the real surge in Dogecoin is coming.
DOGE is trading at $0.17387, and $0.168 is the battleground for bulls and bears. Breaking below = disaster, holding = bull market! ETF ruling + Federal Reserve policy = decisive factors! Now is the most dangerous moment in DOGE's history, and also the most profitable moment!
