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Home CRYPTO

Dogecoin Teeters on Critical Support Level Amid Selling Pressure: Here Are the Levels Bulls and Bears Need to Watch

Moiz Noman by Moiz Noman
March 11, 2025
in CRYPTO, FINANCE, MEMECOINS, OPINION
Reading Time: 3 mins read
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  • Price Struggles: $DOGE, currently at $0.16, has fallen below its consolidation range of $0.17-$0.22, signaling a potential bearish trend, with analysts predicting a short-term consolidation before a possible breakout to $0.82.
  • Mixed Market Sentiment: Positive factors include strong whale buying and active addresses, but broader market downturns, tariff concerns, and sell-offs are weighing heavily on $DOGE.
  • Future Potential: Despite current struggles, $DOGE’s long-term potential remains strong, though the memecoin space needs to regain momentum before significant upside movement can occur.

Dogecoin

Dogecoin ($DOGE), initially launched as a joke in 2013, has evolved into one of the most popular and recognizable cryptocurrencies in the market. 

Price Movements

Currently trading at $0.16, Dogecoin holds a market cap of $23.1 billion, ranking as the ninth-largest cryptocurrency. Over the past year, $DOGE has seen significant volatility, rising from a low of $0.09 to a high of $0.46 before retracing to current levels. Most notably, the coin has erased all its gains from November-December, when it surged over 3x before losing momentum and falling back.

price chart dogecoin yearly

Credit: CoinGecko

Price Predictions

$DOGE has recently broken below its consolidation range between $0.17-$0.22, signaling a potential bearish trend. However, analysts remain cautiously optimistic, viewing this as a potential buy zone. They anticipate the price to consolidate here in the short term before breaking out, aiming for a higher high and a target of up to $0.82.

Dogecoin break out technical analysis

Market Sentiment and Developments

$DOGE’s market sentiment is mixed. On the positive side, there is strong whale buying and a surge in active addresses. On the negative side, broader market downturns, the stock market crash, ongoing tariff war concerns, and sell-offs triggered by the US crypto strategic reserve announcement are weighing on $DOGE.

$DOGE doesn't look good 📉 pic.twitter.com/1hsbU9yTcA

— Chandler⚡️ (@ChandlerCharts) March 9, 2025

Future Outlook

Looking ahead, $DOGE’s potential remains strong. However, the memecoin space will need to regain momentum before any significant upside movement can occur.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: $DOGEBlockchaincryptoDogecoinMemecoin
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Moiz Noman

Moiz Noman

Moiz entered the crypto space in 2019, initially drawn by the rise of DeFi and the potential of real-world asset (RWA) integration. What began as curiosity developed into a deep, ongoing exploration of blockchain technology and its practical applications. Since February 2023, he has worked with Aiur Labs and BlockNews as a writer, moderator, and analyst, contributing market coverage and community insights across the Web3 ecosystem. Moiz actively follows industry trends and is transparent about his holdings in SOL, ETH, and a diversified mix of altcoins, combining hands-on market experience with editorial analysis to deliver reliable reporting for readers.

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