- Dogecoin is at a critical level at $ 0.17, which may ignite 1450 %, but the loss of support may pull it to $ 0.06.
- The death cross indicates a 60 % possible collapse, while the decreasing network activity indicates a declining feeling.
Dogecoin carries a week, losing 23 % of its value, yet he struggles to stay over $ 0.17. This landmark is an effect of selling the broader market, which scans the recent gains across the main encrypted currencies. Dogecoin is currently trading less than $ 0.20, and facing two different two tracks: a strong raising about $ 2.74 if support or a sharp decrease to $ 0.06 in the event of condensation of sale pressure.
The encryption analyst Ali Martinez High Main style on the Doug scheme. The MIM coin is currently on the lower border of an ascending channel – an area that has historically sparked. If this level can continue, Dog may rise to 1450 % to $ 2.74. However, on the negative side, the collapse of less than $ 0.17 will lead to the cancellation of upward hopes, and perhaps Dog withdrew about $ 0.06.
Technical indicators reveal the declining future
Despite its long -term bullish capabilities, technical indicators draw a different image in the short term. One of the main anxiety is a decrease in network activity in Dogoin. The active headlines fell from 1.75 million in November 2024 to only 87100. Driving these sharp signals is declining demand, making it difficult to achieve large gatherings.
On the graph for 4 hours, Doug is still trapped in a convergence channel. The resistance is located at $ 0.22, while support is hovering near $ 0.18. The RSI is less than 50 years old, which confirms that sellers are still controlling the market. Meanwhile, the declined SuperRend, a red signal, turned over the Doug price. If this trend continues, the restoration of $ 0.22 may be difficult, and the currency can instead reinforce the low support areas between $ 0.17 and $ 0.18.
The ELON Musk effect fades with the 60 % signal
Tweet Elon Musk once sent Dujakin to a height, but this effect appears to fade. According to Bloomberg, the net value of Musk received $ 103 billion this year. With the escalation of legal and political challenges, he refused to share with Dogs significantly. This shift raises fears-without the noise that musk moves, can it maintain its previous momentum?
In addition to the landmarks, the death cross on the horizon on the Doug scheme shows the troubles. EMA slides for 50 days to less than 200 days of EMA, a classic sign of deep drop tension. The last time this pattern appeared, in July 2024, Dog fell by 40 % in the following weeks. If the date is repeated, DOGE can slide to $ 0.1680, with a target of the worst government scenario of $ 0.08-an amazing decrease of 60 % of the current levels.
Despite the depression, some analysts still see hope. Absoriaright can exceed $ 0.17 than a recovery about $ 0.22. But if Dog is broken without this support, it is likely that the declining direction is possible, which causes the M. currency to a sharp decrease. The coming days will be crucial in determining their fate.
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