$DOGE
OG Meme Coin Dogecoin to Hit $0.12 in the Next 3 Days?
Dogecoin (DOGE) has been experiencing a period of volatility, currently trading at $0.1594 as of March 11, 2025. The memecoin has struggled to maintain its bullish momentum, witnessing an 8.43% decline in the last 24 hours and a 38.42% drop over the past month.
At the time of writing, DOGE is priced at $0.1585 with a market cap of $23.53 billion. Despite this, the memecoin’s daily trading volume remains high at $2.63 billion (31.59% up), that indicating strong market activity, but with a more dominant bearish sentiment.
DOGE Bullish Signal Faces Uncertainty Amid Weak Market Sentiment
The price chart on the weekly time frame shows a bullish engulfing pattern, which typically signals a reversal to the upside. Still this pattern is forming against a backdrop of overall weak market sentiment, making the strength of the bullish signal uncertain.
A key concern for investors is whether Dogecoin could drop to $0.12 or even to $0.10 in the next few days. Short-term projections indicate a gradual downward movement rather than a sharp crash. The expected price for the upcoming days is $0.14417, followed by $0.13906 and $0.12776. These predictions suggest a slow decline but do not support an immediate plunge to $0.1209.
One of the biggest factors contributing to DOGE’s price decline is a sharp reduction in whale transactions, which have dropped by 88% in recent weeks. This signals a lack of confidence from large investors, leading to lower liquidity and weaker buying pressure. Additionally, while speculation about a Dogecoin ETF has been circulating, it has not yet translated into significant price gains.
Dogecoin Price Analysis: Signals Bearish Pressure with Possible Reversal
On the 4-hour DOGE/USDT chart, Dogecoin appears to be following a Descending Channel pattern, suggesting a continuation of the downtrend unless a breakout occurs, which could signal a reversal. Also, in the BBPT, Bull Power at 1.76 and Bear Power at 8.5, the bear trend is stronger than the bull trend.