Dogecoin Could Rally 364% to $0.67, Top Analyst Predicts
Despite recent volatility, a prominent TradingView analyst believes Dogecoin (DOGE) could be on the verge of a massive 364% surge, projecting a long-term price target of $0.67. The forecast comes as technical indicators point to a possible inflection point, even as short-term performance remains mixed. Dogecoin saw a sharp decline from April 5 to April 7, bottoming out at $0.13. While the token rebounded briefly to $0.15 on April 10, it struggled to maintain upward momentum, falling back to around $0.14. Over the past week, Dogecoin has dropped 5.8%, extending to a 13.8% loss over 14 days and 6.9% over the last 30 days. Despite the red candles, analysts tracking historical patterns believe DOGE may be setting up for a major breakout. Breakout Patterns Emerge on 3-Day Chart The analyst without_worries shared a 3-day candlestick chart that reveals a technical formation similar to previous bull runs. He noted the following indicators supporting his projection: According to the analyst, these signals reflect the same pre-breakout setup that preceded earlier rallies. He confidently projects a 364% price increase, estimating Dogecoin could reach $0.67 if these signals hold and volume confirms a breakout. Interestingly, this analyst previously predicted a 70% price drop in February, which materialized as DOGE fell to the $0.20 level—bolstering his credibility among followers. $0.14 Support Remains a Key Battleground Another analyst, MonoCoinSignal, offered a more tempered perspective. In a recent report, he noted that Dogecoin increased 0.11% on a day when the overall crypto market plunged 4.4%, suggesting a level of price resilience. However, he emphasized that $0.14 is a crucial support zone. A sustained dip below this level could reverse recent gains and reintroduce bearish sentiment. Related article: Dogecoin Sheds 23% in One Month: Is the Meme Coin Losing Momentum or Primed for a Bounce? Resistance at $0.15 Limits Short-Term Upside MonoCoinSignal also pointed out that $0.15 serves as immediate resistance, and any move toward $0.16 depends on strong trading volume. A confirmed breakout above $0.16 could open the door to retesting $0.20, setting the stage for mid-term bullish momentum. He also warned that broader macroeconomic concerns—particularly those stemming from President Donald Trump’s ongoing trade policy decisions—may weigh on crypto markets, limiting DOGE’s rapid price appreciation. While short-term metrics remain bearish, analysts see signs that Dogecoin may soon pivot into a strong rally. With technical setups aligning and previous predictions proving accurate, optimism is growing—especially among traders betting on DOGE’s breakout above $0.16. Still, the path to $0.67 hinges on volume, macro conditions, and the market’s reaction to key support levels. For now, Dogecoin sits at the edge of possibility.
Dogecoin Sheds 23% in One Month: Is the Meme Coin Losing Momentum or Primed for a Bounce?
Dogecoin (DOGE), the internet’s most famous meme coin, has experienced a turbulent ride over the past month. After reaching a local high of $0.1929 in early March, DOGE closed the period at $0.1462, reflecting a sharp 23.65% drop in price. The chart clearly shows Dogecoin entered the month with optimism, but that momentum proved short-lived. By the third week of March, DOGE began sliding into a steady downtrend, eventually bottoming out just above $0.14 in early April. Source: Coinmarketcap Despite the price drop, trading activity remained high. Dogecoin’s 24-hour volume soared over 510%, hitting $3.65 billion. This suggests that traders were highly active — either exiting positions or trying to buy the dip in anticipation of a reversal. Market Pressure Hits Dogecoin Hard This correction isn’t unique to Dogecoin. The broader crypto market has been in a correction phase, and altcoins have felt the sting even more sharply. However, Dogecoin’s large, loyal community and its speculative appeal often cushion it from harsher crashes — a factor that may explain why it hasn’t fallen further. With a current market cap of $21.75 billion, Dogecoin still ranks among the top 10 cryptocurrencies by market capitalization. But its recent decline has opened up fresh debate around its sustainability in a utility-driven market that’s starting to demand more than meme value. Key Numbers at a Glance What to Expect in April Dogecoin enters April in a vulnerable position but not without hope. If Bitcoin stabilizes and overall market sentiment improves, meme tokens like DOGE could rebound faster than utility tokens due to their retail-driven nature. Read Also: Solana Drops 22%, But Still Beats Cardano’s 35%… Watch for the following in the coming weeks: Conclusion Dogecoin lost 23% of its value in March, but it wasn’t alone. The entire altcoin market saw red, and DOGE’s high-volume trading shows it still commands attention. As April unfolds, the key question is whether Dogecoin can leverage its hype and community strength to bounce back — or if the meme coin is headed for deeper correction. With high volatility and volume surging, the coming weeks could be decisive for DOGE holders and swing traders.
Not What It Seemed: Binance Quietly Moved 200M XRP and 300M DOGE Internally
On Monday, as the cryptocurrency market faced another sharp downturn, two eye-popping transfers involving 200 million XRP and 300 million Dogecoin captured the community’s attention. These significant transactions appeared to involve unmarked wallets moving massive crypto sums to Binance, the world’s largest cryptocurrency exchange by volume. Initially, many speculated that a large-scale investor, or whale might be cashing out amid the broader sell-off. Bitcoin had tumbled to $76,000 earlier that day, sparking double-digit losses across several altcoins. Notably, XRP and Dogecoin suffered over 9% corrections during the same period, adding fuel to the rumor mill. Whale Alert Rings the Bell On Monday, the renowned blockchain monitoring service Whale Alert took to X (formerly Twitter) to spotlight the two transactions. The first transfer involved 300 million DOGE, valued at approximately $41.7 million. The wallet address “DU8gPC” executed the transaction at 9:52 AM UTC. Just two seconds later, a second transaction surfaced. This time, 200 million XRP, worth a staggering $354.6 million—moved from wallet address “rPz2qA” to another Binance address. Despite originating from two seemingly unrelated wallets, the synchronized timing piqued interest among analysts and traders alike. The Catch: On-Chain Data Tells a Different Story Although these transactions initially looked like external whale movements, further investigation revealed they were, in fact, internal. Using Arkham Intelligence and Bithomp analytics, researchers traced the origins of both sending wallets back to Binance itself. Arkham’s platform identified “DU8gPC” as one of Binance’s cold Dogecoin wallets, while the receiving address was a Binance hot wallet used for facilitating trades and withdrawals. Similarly, Bithomp traced the XRP wallet “rPz2qA” back to a Binance-controlled address activated in December 2023. That wallet has since stored and moved substantial amounts of XRP on behalf of the exchange. Why Binance Moves Assets Internally Exchanges like Binance routinely shift assets between cold and hot wallets. Cold wallets are secure storage solutions, keeping large sums offline to mitigate hacking risks. On the other hand, hot wallets hold crypto that is readily available for trading and withdrawals. When a spike in trading activity or liquidity demand is expected, exchanges often move tokens from cold storage to hot wallets. This was likely the motive behind Monday’s movements. Rather than indicating panic selling, these transactions were strategic liquidity boosts. Such internal shuffles are not unprecedented. In September 2024, Binance moved 95 million XRP, worth $50 million, between two of its wallets. A similar transaction occurred in August involving the same XRP-sending address from Monday’s event. Back then, Binance moved $39 million worth of XRP to the same hot wallet used this week. Related article: XRP Price Plunges as Market Cap Loses $20 Billion in a Day Amid SEC Silence Price Reaction and Current Market Sentiment Despite the panic sparked by the initial alert, the actual nature of these transfers has calmed fears of a massive selloff. Still, the market continues to reel from broader losses. As of writing, XRP trades at $1.89, while Dogecoin holds at $0.1452, each down by over 9% in the last 24 hours. Understanding these wallet movements provides clarity amid the noise. While it’s easy to assume the worst during market dips, on-chain data again proves invaluable for discerning real activity from speculative panic.
Whales Scoop Up 220 Million DOGE as Dogecoin Eyes Rebound from Historic Support
Dogecoin is back in the spotlight as whales accumulate 220 million DOGE, reinforcing a potential price rebound from a historically critical support level. The surge in large-scale buying activity aligns with technical signals and positive on-chain indicators, suggesting that a shift in market momentum may already be underway. Whales Accumulate as DOGE Tests Long-Term Support Between March 11 and March 25, wallets holding between 1 million and 10 million DOGE significantly increased their holdings. This trend and a net inflow representing 0.17% of Dogecoin’s total circulating supply indicate growing confidence among mid- to large-scale investors. During this period, DOGE’s price rose from $0.15 to $0.19, reflecting a 26% increase. At the time of writing, Dogecoin trades near $0.1643, hovering just above a support zone that dates back to 2018. Historically, this level has acted as a springboard for price recoveries, which explains the strategic timing of recent whale moves. On-Chain Activity Confirms Institutional Interest The sharp uptick in activity from 1M–10M DOGE wallets signals accumulation and suggests a potential shift in institutional sentiment. These wallet tiers are often associated with more strategic investors than short-term retail traders. Moreover, analysts note that accumulation at these levels tends to precede bullish momentum. Given that this buying spree coincided with a price uptrend, it’s possible that whales are positioning for a longer-term breakout—especially if DOGE continues to hold above its critical support. Positive Funding Rates Reflect Market Optimism Another factor adding to the bullish case is the recent flip in funding rates. Dogecoin’s funding rates have turned positive, indicating market sentiment may be recovering. Historically, positive funding rates indicate increased demand for long positions, often aligning with bullish price action. In contrast, periods with negative funding have frequently accompanied market declines. Therefore, the current sentiment among derivatives traders could reinforce the recent accumulation by large holders. Related article: Dogecoin Rally on the Horizon? Analysts Predict a Surge to $0.60 as Whales Accumulate What the Charts Say: High Reward, High Risk From a technical standpoint, Dogecoin is at a crossroads. If it successfully defends the $0.16 support zone, it could aim for a rally toward its historical channel midpoint of around $0.65, representing a potential upside of 270%. However, failure to hold this level could trigger significant downside pressure. Analysts warn that a breakdown below support could result in a 26% to 44% drop, mirroring previous cycles when DOGE failed to maintain structural support. Final Thoughts: Strategic Accumulation or Speculative Gamble? While price action remains uncertain, the recent whale activity, positive on-chain data, and improving funding rates offer a compelling case for cautious optimism. Traders and investors should closely monitor support levels and market sentiment to anticipate the next big move. All eyes remain on Dogecoin’s ability to maintain its footing and whether history will repeat itself with another explosive rally.
Shiba Inu Whales in Profit: 130 Trillion SHIB May Signal Imminent Breakout
Shiba Inu is again heating the crypto charts, as fresh on-chain data reveals that over 130 trillion SHIB tokens are now in profit. With a total value of around $1.76 billion, this massive sum represents a pivotal moment for the meme coin as traders anticipate a sharp price movement in the coming days. According to insights from IntoTheBlock, the tokens currently “in the money” could influence the next leg of SHIB’s trajectory. Investors may either cash out, prompting a pullback, or double down, driving even more momentum. SHIB Climbs Higher Amid Meme Coin Surge At the time of writing, Shiba Inu has climbed 1.39% in the past 24 hours, trading at $0.00001344. It has logged three consecutive gains days since March 22, pushing its weekly increase to 7%. Today’s trading session peaked at $0.0000137, where some early profit-taking emerged. Looking ahead, traders should closely monitor the price’s interaction with the EMA 20. A clear break and sustained move above it could open the door to a run toward the daily 50-day SMA at $0.00001415. If momentum continues, the $0.00001915 and $0.000029 zones may come into play. On the flip side, a dip below $0.00001312 could trigger a retest of deeper support near the 200 EMA. Market Optimism Fuels Meme Coin Momentum The broader crypto market remains optimistic due to the Federal Reserve’s recent signals of upcoming rate cuts. Meme coins are known for reacting quickly to shifts in sentiment, and SHIB has naturally benefited from this renewed interest in risk assets. Retail traders, always searching for high-risk, high-reward opportunities, have piled into meme coins like SHIB. These tokens respond quickly to sentiment shifts and offer rapid gains due to their low entry points and viral appeal. Related article: Shiba Inu Burns 14 Million Tokens in 24 Hours as SHIB OS Sparks New Blockchain Hype What’s Next for SHIB? As SHIB tests resistance and investors weigh their next move, the token remains in a high-stakes position. With over 130 trillion tokens sitting in profit, any shift in sentiment—positive or negative—could trigger sharp price action. Whether SHIB continues its breakout or cools off temporarily, one thing is clear: Meme coin mania is far from over, and SHIB remains at the center of it.
Dogecoin Rally on the Horizon? Analysts Predict a Surge to $0.60 as Whales Accumulate
According to market analysts who are closely monitoring Dogecoin’s (DOGE) performance, it could be gearing up for a major price surge. On Wednesday, March 19, TradingView Idea crypto analyst Whalesdesk highlighted a bullish setup for Dogecoin. He pointed to a strong support zone between $0.16 and $0.17 and a pennant formation on the weekly candlestick chart. If DOGE maintains this support and breaks out from the pennant pattern, it could ignite a rally toward $0.30, $0.45, and eventually $0.60. With Dogecoin currently trading at $0.1715, these price targets represent significant upside potential of 75%, 160%, and 250%, respectively. Mixed Analyst Predictions: Will DOGE Dip Before a Breakout? Whalesdesk is not alone in predicting an upward move for Dogecoin. Another respected analyst, MMBTrader, also suggested that a rebound could be on the way. However, unlike Whalesdesk, MMBTrader believes DOGE might dip first before recovering. He identified support levels around $0.13834 and $0.09081 on the daily chart. Additionally, he cautioned that the meme coin may encounter resistance at crucial psychological price points, particularly around $0.30 and $0.40. Whales Accumulate Millions in DOGE as Network Activity Soars Recent on-chain data further supports the bullish case for Dogecoin. Whale investors have been aggressively accumulating DOGE, signaling growing confidence in the asset. Notable whale purchases in recent weeks include: At the same time, Dogecoin’s network activity is skyrocketing. The number of active addresses surged by 76%, climbing from 160,000 last week to over 280,000 this week. This increase in whale accumulation and network engagement suggests a rising demand for DOGE. If this momentum continues, Dogecoin could be poised for an explosive breakout in the coming weeks. Related article: Dogecoin at $0.1661: Will a 30% Rebound Take It Past $0.22? Will Dogecoin Hit $0.60? The coming weeks will be crucial for Dogecoin’s price action. If the support holds and a breakout occurs, DOGE could be on track for massive gains. However, traders must monitor potential resistance zones and short-term pullbacks. With whales actively buying and network activity spiking, Dogecoin’s bullish momentum continues to build. Will the meme coin reach $0.60, or will resistance slow it down? The market will soon reveal the answer.
Dogecoin at $0.1661: Will a 30% Rebound Take It Past $0.22?
Dogecoin has been on a sharp decline, losing 70% of its value since peaking at $0.48 in December 2024. While some investors have sold in fear, large holders, or whales, have chosen a different path. Instead of exiting, they have doubled down and increased their holdings. CinemaBoy reports that wallets holding at least one million DOGE have risen by 1.24% since early February. This accumulation happened exactly as prices fell, suggesting that whales see an opportunity rather than a reason to panic. The last time they moved like this, Dogecoin skyrocketed by more than 200% in November 2024. Could history repeat itself? Whale Accumulation Signals a Possible Dogecoin Rebound Onchain data from Santiment indicates that Dogecoin’s network activity is heating up. Active addresses have reached a four-month high, a sign of growing interest. When more wallets engage with a cryptocurrency, trading volume often follows. Increased activity could mean retail investors are stepping in, or it could mean long-term holders are buying the dip. The last major accumulation phase led to a massive rally, and this time, the conditions look similar. If history serves as a guide, Dogecoin could be preparing for another major price move. However, technical indicators will determine whether this is a genuine reversal or another false breakout. Technical Indicators Suggest a 30% Rally Could Be Ahead Dogecoin is currently sitting on a critical support level near $0.13, which aligns with a multi-year trendline. The 200-week exponential moving average also supports this level, adding to its strength. A bullish crossover on the Stochastic RSI further reinforces the possibility of an upward move. If Dogecoin can break through $0.22, it could gain momentum and rally another 30%. Momentum traders often step in when a price clears key resistance levels, adding further buying pressure. The setup suggests a possible surge, but risks remain. If DOGE falls below support, the price could drop to $0.12 before finding new buyers. What Happens If Dogecoin Fails to Hold Support? A 70% decline has already tested investor patience, but a further drop could shake confidence even more. If Dogecoin breaks below its support zone, it could enter a deeper downtrend. In that scenario, traders might look for the next support near $0.12. Failing to hold that level could trigger even lower price targets. Dogecoin’s history shows extreme price swings, making it difficult to predict the next move with certainty. While whales seem confident in a recovery, the broader crypto market sentiment will also play a role. If Bitcoin and Ethereum continue their uptrend, Dogecoin could follow. However, if the overall market weakens, Dogecoin might struggle to gain traction. Dogecoin’s Future: A Make-or-Break Moment Dogecoin’s price has tumbled 52.8% over the past three months, yet whales remain confident. Their increased accumulation suggests they see value at current levels. The rise in network activity supports this view, indicating renewed interest in the token. For a sustained recovery, Dogecoin must hold above $0.13 and break past $0.22. If it succeeds, a 30% rally could unfold, pushing the price toward higher resistance levels. On the other hand, if support fails, Dogecoin could see more downside before finding a new floor. Read Also: Shibarium Hits 10M Blocks! Will SHIB’s Price Rebound from a 4.29% Drop? Investors watching Dogecoin must decide whether this is an opportunity or another temporary bounce. Whales have placed their bets, but is this the beginning of a new rally or just another short-term fakeout? Time will tell, but for now, all eyes remain on Dogecoin’s next move.
Analyst Predicts Dogecoin’s Parabolic Surge as Stoch RSI Signals Bullish Crossover: Here’s Why
Prominent market analyst Ali Martinez predicts that Dogecoin (DOGE) could experience a powerful rebound as its Stochastic Relative Strength Index (Stoch RSI) prepares for a bullish crossover. Dogecoin has recorded two consecutive daily gains for the first time since March 2. The meme coin rebounded 22% from a low of $0.1427 on Tuesday to a high of $0.1742 yesterday, reflecting a broader market recovery. This resurgence follows speculations that Donald Trump is open to resolving the tariff war with Canada. Dogecoin Poised for a Strong Rally DOGE’s latest rebound has helped it recover earlier losses this week while forming a dragonfly doji on the daily chart. This price action aligns with a bullish crossover on the Stoch RSI, a key momentum indicator. Market analyst Ali Martinez highlighted this bullish signal, emphasizing its potential impact on Dogecoin’s price. In a tweet on Wednesday, Martinez suggested that DOGE could be on the verge of a parabolic rally, citing historical data on the Stoch RSI’s influence. Historical Trends Suggest a Massive Price Increase Martinez pointed out that previous Stoch RSI crossovers on the weekly timeframe have led to significant price increases for Dogecoin. In October 2023, the Stoch RSI flipped bullish, triggering an 88% surge from $0.0569 to $0.1075. A similar situation occurred in February 2024 when another bullish crossover led to a 187% increase, with DOGE climbing from $0.0793 to $0.2290. The most notable rally happened in September 2024, when Dogecoin skyrocketed 444% from $0.0890 to $0.4846, marking its highest point in the current bull cycle. Now, Martinez identifies that DOGE’s weekly Stoch RSI is on the verge of another bullish crossover. If this scenario materializes, he predicts a strong upward trajectory. Interestingly, each of the last three crossovers has produced larger price gains than the previous one. If this pattern continues, Dogecoin could rally by at least 444%, surpassing its all-time high and potentially reaching $0.914. Read more: Dogecoin Struggles at $0.2101: Will It Hold or Crash Below $0.17594? Higher Prices Could Follow the Rebound In the short term, Dogecoin continues to show bullish momentum. On Tuesday, the TD Sequential indicator hinted at a bullish reversal, pushing DOGE above the critical $0.16 support level. Analysts believe this move could set the stage for a breakout toward $2. If Dogecoin maintains this trend, it could push even higher. Some projections suggest that DOGE could reach $8.5 when the third wave of its Elliott Wave pattern kicks in. Currently, Dogecoin trades at $0.1715, with its RSI at 37.63, close to the oversold territory. With technical indicators aligning, the meme coin could be gearing up for another explosive move in the coming weeks.
Dogecoin Struggles at $0.2101: Will It Hold or Crash Below $0.17594?
Dogecoin (DOGE), once a thriving meme coin, now struggles as network activity drops by 95%. This drastic decline has raised concerns among investors. Many wonder whether DOGE can survive or if its best days are behind it. The recent downturn reflects not only fewer active users but also declining trust in its future. Dogecoin Price Battles Crucial Support Levels Dogecoin currently trades around $0.2101, trying to hold its ground. Analysts identify $0.17594 as a key support level. If the price falls below this point, a further decline may follow. Conversely, resistance levels at $0.27155 and $0.31413 could help push the price higher. However, unless strong buying pressure emerges, breaking these barriers may prove difficult. The Relative Strength Index (RSI) indicates ongoing selling pressure. Without increased demand, DOGE might struggle to gain upward momentum. Investors remain cautious, waiting for a clear signal before making moves. Falling Transactions Threaten Dogecoin’s Viability A major concern is the sharp decline in Dogecoin’s daily transactions. Since late 2024, the number of active users has plummeted. This drop suggests reduced interest in using DOGE for everyday transactions. If this trend continues, liquidity concerns could weaken the coin’s stability. Cryptocurrencies thrive on widespread adoption and transaction volume. A decrease in network usage raises red flags about Dogecoin’s long-term viability. Unless new developments revive user interest, the coin may face further challenges. MVRV Ratio Drops, Signaling Possible Sell-Offs The Market Value to Realized Value (MVRV) Ratio for Dogecoin has fallen to 40.63%. This shift suggests that investors may sell their holdings to secure profits before further declines occur. If this downward movement persists, additional sell-offs could push DOGE’s price even lower. Market sentiment plays a vital role in price stability. A weakening MVRV ratio signals potential investor concerns. Without renewed confidence, downward pressure on the price may persist in the short term. Investor Sentiment Reaches a Historic Low Negative sentiment dominates the Dogecoin market, with weighted sentiment plunging to -0.999971. This record low reflects deep pessimism among investors. Many now doubt the coin’s ability to recover amid decreasing transactions and declining price action. This shift in sentiment makes attracting new investors increasingly difficult. Without fresh optimism, Dogecoin risks falling into a prolonged bearish cycle. Restoring confidence will require strong market catalysts, such as increased adoption or positive news from influential figures. Does Dogecoin Have a Path to Recovery? Despite its struggles, Dogecoin has survived previous downturns. A strong market catalyst, such as major adoption or a technological upgrade, could spark a turnaround. However, without clear signs of renewed demand, the outlook remains uncertain. Some investors believe meme coin hype could return, but relying on speculation alone remains risky. Dogecoin’s future depends on whether developers and the community introduce changes that encourage long-term utility. Until then, market uncertainty will likely persist. Should Investors Buy or Sell DOGE Now? Dogecoin remains at a critical juncture. If it holds above $0.17594, a rebound could follow. However, if the price continues declining, new lows could emerge, creating potential buying opportunities for long-term investors. Market participants should closely monitor key resistance and support levels. Sentiment and transaction volume must improve for Dogecoin to regain upward momentum. Until then, investors should exercise caution and assess risks carefully before making decisions. Read Also: Dogecoin Plunges Below $0.22 – Is a 12% Rebound Possible? In conclusion, Dogecoin’s recent decline highlights the volatility of the crypto market. With network activity down 95% and sentiment at historic lows, DOGE faces a tough road ahead. A significant catalyst could trigger a recovery, but for now, investors remain uncertain.
Dogecoin Plunges Below $0.22 – Is a 12% Rebound Possible?
Dogecoin (DOGE) has seen dramatic price swings, leaving traders uncertain about its next move. After breaking out from a symmetrical triangle pattern, DOGE failed to sustain momentum and dropped to $0.2123. This decline has sparked concerns about market stability and the token’s future. A Breakout That Backfired Dogecoin seemed ready for a rally, but reality struck hard. The breakout from its symmetrical triangle, which ranged between $0.236 and $0.224, initially suggested a bullish run targeting $0.197. However, momentum faded quickly, and key indicators confirmed a bearish reversal. The failed breakout left traders questioning the token’s next move. Bearish Indicators Signal More Trouble The charts reveal a troubling picture for DOGE. Fibonacci retracement levels show that the token struggled to stay above the crucial 61.8% retracement level at $0.218, signaling strong selling pressure. The MACD line crossing below the signal line reinforced the bearish outlook, hinting at further losses. The Cumulative Volume Delta (CVD) surged to -7.64B, indicating intense selling pressure that solidified the downtrend. Are Traders Losing Confidence? Market sentiment plays a crucial role in price movements, and DOGE’s trading activity suggests growing uncertainty. Over the past 24 hours, DOGE saw outflows of -3.1M, meaning more traders are selling than buying. The drop below $0.22 coincided with this surge in selling, signaling reduced confidence in a near-term recovery. If this trend continues, DOGE may struggle to regain lost ground. Market Stability or Further Decline? DOGE’s 4-hour chart reveals a sharp decline in volatility. The Volatility Index fell to 0.23155, suggesting traders are adopting a wait-and-see approach. With DOGE stabilizing around $0.2123, it remains unclear whether the token will consolidate before rebounding or face another downturn. If volatility remains low, the price may continue hovering at current levels before traders make their next move. What’s Next for DOGE? Dogecoin faces an uphill battle as bearish signals persist. Declining netflows, reduced volatility, and strong selling pressure suggest a possible test of the $0.20 support level. Broader market trends, particularly in the meme coin sector, will influence whether DOGE recovers or dips further. If buyers step in, DOGE might see a short-term rebound, but sustained growth remains uncertain. Read Also: Dogecoin (DOGE) Faces 5% Drop: Will It Plummet Below $0.20? Dogecoin’s price action presents both risks and opportunities. Risk-tolerant investors may see this dip as a buying opportunity before a potential rebound. However, cautious traders may prefer to wait for confirmation of a trend reversal. Observing key support and resistance levels will be crucial in determining DOGE’s next move.
