{"id":61113,"date":"2025-04-22T14:16:25","date_gmt":"2025-04-22T14:16:25","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=61113"},"modified":"2025-04-22T14:16:25","modified_gmt":"2025-04-22T14:16:25","slug":"warning-dogecoin-doge-risks-a-65-price-crash-if-it-doesnt-reclaim-this-support-level","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=61113","title":{"rendered":"Warning: Dogecoin (DOGE) Risks a 65% Price Crash if It Doesn\u2019t Reclaim This Support Level"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Despite a recent uptick, one analyst warns that DOGE\u2019s price could plunge significantly if it stays below a certain support zone.<\/span>
\nOthers, though, foresee a rally to as high as $0.44, citing specific technical chart patterns.<\/p>\n

<\/a><\/span><\/h2>\n

Is DOGE Poised for a Massive Slump?<\/h2>\n

The price of the largest meme coin has been on an uptrend in the past week, rising by 3% and currently trading at around $0.16. However, some analysts believe a collapse could replace the minor resurgence if Dogecoin (DOGE) fails to rise above a specific level.<\/span><\/p>\n

Ali Martinez <\/span>told<\/span><\/a> his 135,000 followers on X that the meme coin\u2019s valuation could plummet by 65% to as low as $0.06 if it doesn\u2019t turn the resistance at $0.17 into support.<\/span><\/p>\n

Certain<\/span> technical indicators also suggest DOGE could be on the verge of a pullback. One example is the Relative Strength Index (RSI), which is a momentum oscillator that measures the speed and magnitude of recent price changes in a particular asset. It varies from 0 to 100 and helps traders determine whether a token is overbought or oversold, which <\/span>in turn<\/span> could signal a reversal point.<\/span><\/p>\n

Readings above 70 typically indicate that the asset has entered overbought territory and might <\/span>be headed<\/span> for a correction. On the contrary, anything below 30 is considered a bullish factor. DOGE\u2019s RSI has been <\/span>on the rise<\/span> in the past 24 hours, currently <\/span>set<\/span><\/a> just south of the bearish ratio of 70.<\/span><\/p>\n

An important event that could catalyze further gains for the meme coin is the potential approval of a spot DOGE ETF in the United States. The prominent names racing to launch such a product include Grayscale, <\/span>21Shares<\/span><\/a>, Bitwise, and others.\u00a0<\/span><\/p>\n

Earlier this year, <\/span>the<\/span> approval odds (before the end of 2025) <\/span>on Polymarket<\/span> stood at over 75%. In the past several weeks, though, the chances started to erode and currently <\/span>stand<\/span><\/a> at 52%. Moreover, the odds of the investment vehicle <\/span>seeing the light of day before July 31 <\/span>dropped<\/span><\/a> to 20%.<\/span><\/p>\n

The Bullish Predictions<\/span><\/h2>\n

Crypto X is full of analysts who believe Dogecoin has yet to chart substantial peaks. ZAYK Charts recently <\/span>assumed<\/span><\/a> that the price <\/span>has<\/span> completed a breakout on a falling wedge pattern, suggesting this could result in a pump to almost $0.28.\u00a0<\/span><\/p>\n

Clifton Fx shared a similar thesis. They <\/span>claimed<\/span><\/a> DOGE \u201cis forming a falling wedge on the 2d timeframe,\u201d predicting that a breakout might trigger a price explosion to as high as $0.4<\/span>4.<\/span>\u00a0<\/span><\/p>\n

The post Warning: Dogecoin (DOGE) Risks a 65% Price Crash if It Doesn\u2019t Reclaim This Support Level<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Despite a recent uptick, one analyst warns that DOGE\u2019s price could plunge significantly if it stays below a certain support zone. Others, though, foresee a rally to as high as $0.44, citing specific technical chart patterns. Is DOGE Poised for a Massive Slump? The price of the largest meme coin has been on an […]<\/p>\n","protected":false},"author":0,"featured_media":61114,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-61113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/61113"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61113"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/61113\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/61114"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}