#MarketRebound Dogecoin is trading below key liquidity levels as the price struggles with intense selling pressure. The entire meme coin market has seen massive liquidity outflows, with fear and uncertainty dominating investor sentiment. Speculative assets like DOGE have been hit the hardest, leading to a sharp price decline of over 35% since mid-February. With negative momentum still driving the market, some analysts speculate that this trend could continue, possibly pushing DOGE to even lower levels.
However, not all analysts are bearish on Dogecoin’s future. Analyst Ali Martinez shared a long-term technical analysis suggesting that despite recent struggles, DOGE is still positioned for a potential rally. According to Martinez, if Dogecoin holds above the $0.16 to $0.19 support, the path remains open for a potential move to $4 in the coming months. This support zone has historically been a critical accumulation area, and if buyers step in, Dogecoin could be set for an aggressive rebound..
# what's up 🙂
