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Dogecoin remains one of the biggest names in the crypto world, holding the top spot among meme coins by market cap. But in recent months, its short-term trend is leaning bearish.
Dogecoin price action is at a critical decision zone, according to a new technical analysis shared by a crypto analyst on TradingView. This analysis comes as Dogecoin bulls accumulate in the $0.16 range to successfully defend this price level in the past 24 hours.
The charts are showing signs of a big move coming. Is this the start of a breakout or another crash?
The crypto market is shifting again—and it's not waiting for anyone. Solana is dropping fast, showing signs of deeper losses. At the same time, Dogecoin is building strength and may be on the edge of a price breakout.
Crypto analyst Crypto Jack has raised the possibility of the Dogecoin price rallying to new all-time highs (ATHs). He also revealed the next major resistance that the foremost meme coin must break above as it targets a rally to these new highs.
Despite a recent 16% price decline, Dogecoin (DOGE), the world's largest crypto meme coin, is poised to continue its downward momentum. The reason behind this speculation is the formation of a bearish price action pattern on the daily time frame amid ongoing bearish market sentiment.
As crypto markets prepare for their next breakout, investors are beginning to look beyond the usual suspects. XRP and DOGE—once dominant forces during previous rallies—are showing signs of fatigue, and capital is rotating into low-cap projects that offer stronger fundamentals, clearer utility, and early-stage upside.
Dogecoin is now trading at critical levels after enduring several days of sustained selling pressure and failing to break above the $0.18 mark. The popular meme coin is currently down 65% from its multi-year high around $0.48, and sentiment around DOGE remains underwhelming.
Dogecoin price has recently experienced a notable decline after failing to clear key resistance levels. Despite this, several analysts are forecasting a potential rally, with some projections suggesting that Dogecoin's price could reach $2 soon.
Dogecoin (DOGE) price has recently struggled with momentum, failing to break key resistance levels. As of press time, DOGE is holding at $0.169, just above the crucial support of $0.164.
Dogecoin's open interest continues to decline, sparking a bearish outlook for the foremost meme coin. Based on historical data, the DOGE price is at risk of suffering a further crash thanks to the drop in its open interest.
DOGE, the largest meme coin by market cap in the meme coin space, has surged by 8.5% in the past 24 hours while PEPE has gone up by 10% during this same period.
Cryptocurrency markets are trading higher on Friday, despite stock markets continuing to sell off amid China's retaliatory tariffs. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $83,871.08 +2.2% Ethereum (CRYPTO: ETH) $1,806.68 +1.2% Solana (CRYPTO: SOL) $122.04 +5.7% XRP (CRYPTO: XRP) $2.12 +3.8% Dogecoin (CRYPTO: DOGE) $0.1705 +7.3% Shiba Inu (CRYPTO: SHIB) $0.00001226 +0.4% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 7.3% and daily active addresses growing by 6.5%.
Bitcoin (BTC) price has managed to stay above the $80,000 level as volatility wrecked US stock markets on April 3 and April 4. The failure of the bears to capitalize on the opportunity shows a lack of selling at lower levels.Risky assets were rattled after US President Donald Trump announced reciprocal tariffs on several countries on April 2.
Dogecoin (CRYPTO: DOGE) is up 6% on Friday, and technical indicators currently present a mix of signals, with several potential bullish breakout scenarios. What Happened: In a Chart Action video podcast, a technical analyst identified a distinct falling channel pattern following Dogecoin's breakout from a previous falling wedge.
Cryptocurrency trader Ali Martinez believes Dogecoin (DOGE) is at a critical level that could determine its price direction over the near term. Martinez tells his 134,800 followers on the social media platform X that Dogecoin is at a “make-or-break level” of around $0.16.
Dogecoin is once again in the hot seat as the meme coin tests a multi-year trend line that dates back to the heady days of 2021. Both the daily and weekly charts underscore the significance of this zone, with the market hovering dangerously near a juncture that could determine whether the current price collapses by another quarter or stages a dramatic rebound.
Dogecoin price is struggling above $0.16 as a brutal selloff across the broader crypto market continues to weigh on the meme coin. Three factors now indicate that more bearish headwinds lie ahead and could spark a massive downturn for DOGE price to $0.06.
Dogecoin price soared over 2% today, indicating a renewed market interest in the leading meme coin. Amid the current surge, a top market expert has further fueled discussions with his bold prediction, hinting towards a potential DOGE rally to $2 by this month's end.
Dogecoin (DOGE) is at a critical juncture, with analysts closely watching the $0.16 support level to determine its next big move. According to crypto analyst Ali, if DOGE holds above $0.16, a breakout rally could send it soaring to $0.57.
Dogecoin struggles below $0.17 with analysts predicting $0.57 potential if it breaks key resistance levels at $0.18 and $0.21.
Dogecoin started a fresh decline from the $0.180 zone against the US Dollar. DOGE is consolidating and might struggle to recover above $0.1680.
The Dogecoin price has been defying broader market weakness by establishing a series of higher lows. Amidst the market downturn, technical indicators suggest that Dogecoin could be setting the stage for an explosive rally, with analysts predicting a 270% surge to a new price high.
