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The Dogecoin price is down more than -57% from its December 8 high at $0.4843, but a bottom could be near. In a technical analysis shared on X, Rose Premium Signals (@VipRoseTr) highlights a potentially bullish setup for Dogecoin (DOGE), fueled by a classic “Cup & Handle” pattern.
With slowing address growth, and stalling inflows, DOGE faces a critical test at this level.
Dogecoin (DOGE) has experienced a sharp decline in its futures trading volume, dropping significantly from $58.2 billion in November 2024 to just $992 million in February 2025. This dramatic reduction in trading volume highlights a cooling of investor interest and market speculation, potentially signaling a bearish outlook for the altcoin.
Crypto analyst Olivier has provided a bullish outlook for the Dogecoin price amid the market downtrend, which has led to a massive decline for DOGE. The analyst predicts that the foremost meme coin could be gearing up for a 75% rally, which could send its price above $0.3.
Amid the ongoing bearish price momentum, Dogecoin (DOGE), the largest and most popular meme coin, has been gaining significant attention from crypto enthusiasts due to its notable price drop in recent days.
Dogecoin, the industry's premier meme coin, has consistently led most altcoins in price performance in recent months. However, it faces its toughest challenge amidst falling network activity and a price slump.
Despite recent declines to $0.209 due to intense bearish pressure, Dogecoin's price action may be determined by three key support levels in the future. According to the current price chart, these levels are based on past local peaks, which have a history of serving as areas of high demand during corrections.
DOGE whales have accumulated over 530 million Dogecoin (DOGE) within the past 72 hours. This surge in whale holdings has coincided with a decline in Dogecoin price, signaling strategic buying at lower levels.
Dogecoin is trading at key demand levels after two weeks of massive selling pressure, with bears pushing DOGE down more than 30%. The meme coin sector has been hit the hardest during this market-wide correction, which began in mid-January, and as the market leader, Dogecoin has suffered the most.
Cryptocurrency markets are struggling on Thursday as the market-wide downturn continues. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $83,057.97 -0.2% Ethereum (CRYPTO: ETH) $2,268.27 -1.2% Solana (CRYPTO: SOL) $134.86 +2.7% XRP (CRYPTO: XRP) $2.15 -1.3% Dogecoin (CRYPTO: DOGE) $0.2030 +2.3% Shiba Inu (CRYPTO: SHIB) $0.00001430 +2.3% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 6.6% and daily active addresses falling by 0.7%.
Dogecoin seeing a decline in futures trading volume and network activity but price action signals buy.
Dogecoin's open interest has crashed over $3 billion since January, sparking a bearish sentiment for the foremost meme coin. This critical metric is still at risk of crashing further, given the current outlook in the broader crypto market.
The Dogecoin price may be in for more pain, as a crypto analyst has projected another significant breakdown to new lows. On the bright side, the analyst suggests that this retracement will offer a discount for traders who aim to capitalize on the buy-dip opportunities and accumulate ahead of a potential increase.
While it may seem that the post-inauguration meme coin mania has dried up as we enter the early stages of a bear market, Dogecoin offers a glimmer of hope. The post Is Dogecoin Finished? DOGE Drops Below $0.20 – End of Meme Coins? appeared first on Cryptonews.
White House National Economic Council Director Kevin Hassett joins 'Squawk Box' to discuss takeaways from President Trump's cabinet meeting, fate of the GOP budget plan, Trump's tariff timeline, fate of the Trump tax cuts, DOGE's dividend checks, Trump's $5 million gold card visa plan, and more.
Dogecoin (DOGE) has tanked this week, with the recent downturn pushing its price 73% below its all-time high. For savvy traders, such dips often present a “buy the dip” opportunity and a chance to accumulate DOGE at a discount.
The Dogecoin price has corrected over 17% this week, testing the critical $0.20 support level amid broader crypto market uncertainties.
"The TD Sequential indicator flashes a buy signal on the daily chart," one popular analyst stated.
Dogecoin's price has dropped significantly in recent months, returning to pre-election levels, despite initial gains following Donald Trump's 2024 presidential victory.
Dogecoin has dropped to $0.20 amid market downturn and decreased network activity, but technical indicators suggest a potential bullish reversal from the current "falling wedge" pattern.
XRP, the payments-focused cryptocurrency, has faced a 25% price drop this month, falling to $2.28 from its January peak of $3.40, according to TradingView and CoinDesk. However, Fibonacci retracement analysis suggests the token is far from out.
In a post on X today, crypto analyst Satoshi Flipper (@SatoshiFlipper) shared a daily chart of DOGE/USDT on Binance that highlights what he calls a “monster falling wedge.” The chart shows Dogecoin's price moving within two converging trendlines—one descending from the coin's recent swing highs, and the other descending at a shallower angle from its short‐term lows, forming a classic wedge structure.
The price of Dogecoin has declined by over 6% in the last 24 hours, following a broader market downturn. Bitcoin also dropped below $84,000, adding to the pressure on cryptocurrencies.
Dogecoin surged in value following Donald Trump's November election win, but most of those gains have evaporated in recent weeks.
