Will Dogecoin Bounce Back? 🐶📉📈
The memecoin market cap plummeted 65%, dropping from $116.7B to $40.46B in Q1 2025. As part of the decline, Dogecoin has struggled to reclaim the $0.15 mark.
Over the last 120 days, DOGE fell from $0.46 to $0.1475, a drop of nearly 70%. So, is a reversal still on the table?
Dogecoin Price Analysis 🔍
The recent downtrend broke through the critical $0.15 support. Fibonacci retracement shows a key support level at 23.60% ($0.1379).
Despite the crash, DOGE posted a 4.07% intraday gain, bouncing off a lower price rejection — hinting at a short-term recovery. This may challenge the long-term resistance trendline, which currently caps any major bullish move.
However, the 100-day and 200-day EMAs just formed a bearish crossover, confirming a strong downward alignment with the 20, 50, 100, and 200-day EMAs all pointing lower.
Meanwhile, the daily RSI shows a bullish divergence, moving slightly above the oversold zone — this could signal a potential DOGE comeback.
Whales Losing Confidence? 🐋⚠️
In the last 48 hours, heavy sell-offs suggest whales are pulling back from meme coins amid increased market volatility. A commercial conflict could further shake DOGE's price, potentially flooding supply.
Still, analyst Ali Martínez highlights a long-term support trendline around $0.13 (Fibonacci 67.80%), which may act as a crucial rebound level for DOGE.
This support level lines up with the trendline from October 2023.
DOGE Futures Outlook 🔮
Despite rising uncertainty, traders remain cautiously optimistic. DOGE futures showed higher volatility in the last 24 hours.
Interestingly, long positions have climbed from 48.55% to 52.87%, pushing the long/short ratio from 0.9436 to 1.1218 in just 4 hours — indicating growing bullish sentiment.
Based on Fibonacci levels and price action, DOGE’s potential rebound could reach the 20-day EMA at $0.1656, aligning with its long-term resistance trendline.
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