**🔻 Memecoin Market and Dogecoin's Plight**

The memecoin market has been through a rough patch. In Q1 2025, its market value took a massive hit, plummeting from $116.7 billion to a mere $40.46 billion, a staggering 65% decline. 😱 This slump has left Dogecoin struggling to break above the $0.15 mark. Over the past 120 days, Dogecoin's market price has nose - dived from $0.46 to $0.1475, a drop of around 70%. With such a significant fall, the big question on everyone's mind is: can Dogecoin stage a reversal? 🐕💴

**📊 Dogecoin Price Analysis**

The falling trend of Dogecoin has been quite brutal, breaking through the key support level of $0.15. Fibonacci levels offer some insights. The current falling trend has hit the 23.60% support at $0.1379. However, there are some glimmers of hope. Dogecoin has gained 4.07% intraday after a lower price rejection, which could be a sign of a potential recovery. 📈 But this recovery might face some hurdles. It may test the long - term resistance trendline, which could limit Dogecoin's positive expansion. Adding to the bearish picture, the 100 - and 200 - day EMA (Exponential Moving Average) lines have just crossed negatively due to the downturn. This completes the bearish alignment of the 20, 50, 100, and 200 - day EMA lines. On a more positive note, the daily relative strength indicator (RSI) shows a positive divergence. The RSI line is slightly above the oversold level, and it has diverged bullishly from the last low. This could potentially revive Dogecoin's fortunes. 📉📈

The big drop in the previous 48 hours also reveals that crypto whales are losing trust in meme currencies as global market volatility rises. If the trade conflict continues to keep the price unpredictable, Dogecoin might see a significant increase in supply. However, analyst Ali Martinez points to a long - term support trend line, which could minimize the downside risk. With the 67.80% Fibonacci retracement at $0.13, this critical support might just be the boost Dogecoin prices need. Dogecoin's immediate support is the same trend line from October 2023. 🐋💪

**🎯 Dogecoin Futures**

Despite all the mounting uncertainty, Dogecoin traders are still holding out hope for a positive recovery. Dogecoin futures have been quite volatile in the previous 24 hours. However, the recent reversal has led to an interesting development. Long positions have increased from 48.55% to 52.87%, and the long - to - short ratio has gone up from 0.9436 to 1.1218 in just 4 hours. This indicates a significant level of bullishness among Dogecoin traders. According to Fibonacci levels and price action analysis, the ongoing recovery run may hit the 20 - day EMA line at $0.1656, which also coincides with the long - term resistance trendline. It's a crucial point for Dogecoin, and if it can break through this resistance, it could open the door to further price increases. 📈🔐

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**🚨 Disclaimer 🚨**

The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies, such as Dogecoin, can be extremely risky and may lead to substantial financial losses. The cryptocurrency market is highly volatile and subject to various factors including market sentiment, regulatory changes, and global economic conditions. Always conduct thorough research and consult a qualified financial advisor before making any investment decisions.