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Dogecoin now acts at critical levels after ending a few days of persistent sales pressure and not breaking above $ 0.18. The popular Meme-Munt has currently fallen 65% compared to its multi-year high around $ 0.48, and the sentiment around Doge remains overwhelming. As the price action continues to weaken, investors grow carefully and struggle bulls to recover control.
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The wider financial landscape does not help. Macroeconomic uncertainty, rising geopolitical tensions and radical trading rates shake worldwide markets, causing risk-on-assets such as cryptocurrencies pushing deeper into a correction area. In this environment, volatility and instability become the norm – especially for very speculative assets such as meme coins. Dogecoin, known for its price-driven hype-cycles, can be especially vulnerable if market conditions continue to deteriorate.
Crypto analyst Ali Martinez shared a technical analysis of X, which showed that Dogecoin is currently an important level of support test. According to Martinez, this level will probably determine the next major movement of the coin – or activate a rebound or open the door for deeper losses. With sentiment still vulnerable and volatility high, the next steps of doge will be closely viewed while it is on the edge of further downwards.
Dogecoin acts at Make-Or-Break level when Bears Dominate
Dogecoin acts in a critical demand zone after sustainable weeks of aggressive sales pressure that the price has towed under the most important resistance levels. Under all crypto sectors, Meme -coins have hit the hardest during the recent market correction, and Doge is no exception. The active bearish trend continues to follow, and unless bulls can defend current support, the downward trend can speed up.
Dogecoin is currently floating just above the level of $ 0.17 – an important threshold that can decide whether the coin will return or will continue to slide. Martinez’s insights Emphasize the meaning of this zone. According to Martinez, Dogecoin is now at a “Make-Or-Break” level, and how it behaves here, it will form in the short term and possibly long-term process.
Martinez pointed out that Doge has traded in a long -term bullish channel and that the level of $ 0.17 is at the lower limit of this structure. A decisive handle at this level could act as a launch platform for an important meeting, especially if a broader market sentiment improves. Conversely, if Doge loses this support, the bullish structure would break down – open the door for deeper losses.
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With meme coins lagging behind and macro uncertainty still in the game, all eyes are focused on the next movement of Doge. If bulls do not defend the $ 0.17, Dogecoin can be confronted lower opposite another leg. However, if this crucial support applies, a powerful rebound can follow, which offers a rare window of opportunities for patient investors.
Doge acts among the most important averages because bulls defend $ 0.16 support
Dogecoin is currently trading at $ 0.169 after a few days of struggling to regain the momentum under the 4-hour 200 mA and EMA, both floating near the level of $ 0.18. The recent rejection of this technical zone has kept DOGE under pressure, with a price promotion that shows signs of continuous weakness. Bulls are now in a tight place and have to defend the current levels to prevent a deeper correction.
To confirm a potential recovery rally, Doge must not only retain above the $ 0.169 point, but also decisively break up the resistance level of $ 0.205. This area has worked as an important barrier in recent weeks, and an outbreak would indicate a shift in Momentum and open the path to higher levels.
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However, the disadvantage risks remain. If Doge loses the support of $ 0.16 – a level that has held through earlier dips – it can quickly fall below $ 0.15, so that the bearish trend is deepened. With meme coins that are left across the board and the general market sentiment is still vulnerable, the next step of Dogecoin will be crucial. A struiting from here can mark the start of a recovery phase, but not reclaiming important technical levels can cause another leg to become down.
Featured image of Dall-E, graph of TradingView
