The price of Dogecoin lost its momentum, struggling to maintain its upward trend. After failing to maintain its upward trajectory, Dogecoin is now trading in a consolidation range. The question now is whether the price of Dogecoin can maintain its support or if a crash is on the horizon.
The price of Dogecoin facing consolidation
After a period of strong growth, the course of Dogecoin has entered a consolidation phase. Instead of continuing its upward trend, the DOGE is now stuck in a range between $0.48 and $0.37. This consolidation shows that buyers are losing control and sellers are gaining the upper hand.
Consolidation is a natural part of market cycles, but it is also a warning sign that the trend might be changing. The inability of Dogecoin to exceed 0,48 $ and repeated testing of $0.37 support suggest that seller pressure is increasing. If the $0.37 is brokenthis could indicate the start of a larger downtrend.
Here’s why this is important:
- Lateral movement: When a cryptocurrency moves sideways for an extended period of time, it often precedes a larger move, either up or down.
- Bearish sentiment: Since Dogecoin is trading closer to the lower end of its range(0,37 $), this indicates that sellers are more active than buyers.
- Breakout of major moving averages: The price of Dogecoin has fallen below its 21-day simple moving average (SMA 21)which is generally a bearish signal for technical analysts.
Yes, yes dogecoin price remains below the 21-day SMAit is likely that it will continue its downward trend. Traders are now focusing on whether 0,37 $ can act as support.
DOGE/USD 4-hour chart – TradingView
What could cause the Dogecoin price to collapse?
Several key factors could cause the Dogecoin price. Here is an overview of the most important of them:
1️⃣ The impact of bitcoin
The bitcoin is the leader in the cryptocurrency marketand when bitcoin is in trouble, it affects all other cryptocurrencies. Bitcoin is currently facing critical resistance to 104 000 dollars. If it fails to cross this threshold, analysts predict a potential drop in bitcoin to $100,000 or lesswhich would have repercussions on the entire market.
Since altcoins like dogecoin tend to follow bitcoin’s price movements, a bitcoin collapse could trigger a strong dogecoin liquidation. This is particularly true for memecoinswhich are historically more volatile than larger capitalization assets like Ethereum or Cardano.
2️⃣ Altcoin sales
In bearish market conditions, altcoins are often hit harder than bitcoin. Dogecoin being a memecoinit is even more vulnerable to sharp declines. During bear markets, investors tend to sell the riskiest assets first, and memecoins are often the first to disappear.
3️⃣ Change in market sentiment
Market sentiment plays an important role inevolution of the dogecoin price. Unlike Bitcoin and Ethereum, Dogecoin relies heavily on hype, community support, and news cycles. When sentiment turns negative, the price of Dogecoin tends to fall much faster than other top cryptocurrencies.
Dogecoin Price Prediction Before 2025: Will Dogecoin Crash?
What could be the next evolution of Dogecoin price? Analysts have identified several key support and resistance levels to watch, as well as a bearish scenario that could see DOGE fall to $0.35 or lower.
DOGE/USD 4-hour chart – TradingView
Current price of Dogecoin
- Current price: ~0,37
- 21-Day SMA: The price has fallen below the 21-day simple moving average, which is generally considered a bearish signal.
- Fork: Dogecoin is trading in a range between 0,48 $ et 0,37 $.
Price Levels to Watch
- 0,48 $ – Key resistance. If Dogecoin manages to exceed this level, it could restart the bullish momentum.
- 0,37 $ – Key holder. If this level fails, the next downside target is 0,35 $.
- 0,35 $ – Major support. If this support level fails, Dogecoin could enter a much larger downtrend.
Bearish scenario
- If Bitcoin fails to surpass $104,000Dogecoin could face a significant correction.
- If Dogecoin falls below $0.37this would mean a continuation of the decline.
- The next major support is at 0,35 $but if selling pressure increases, Dogecoin could fall even lower.
Bullish scenario
- For the bulls to regain control, dogecoin must regain 21-day moving average.
- A break above 0,48 $ would indicate further bullish momentum, with the possibility of a larger uptrend.
Will dogecoin fall to $0.35?
The big question is whether the price of Dogecoin will fall to 0,35 $ or lower. If bitcoin fails to stay above $100,000a broader market correction could trigger further declines in dogecoin.
Here’s why:
- Memecoins fall harder in bear markets. If bitcoin suffers a sharp decline, memecoins like dogecoin tend to experience even larger declines.
- Loss of a key support. If Dogecoin goes below $0.37 supportthere’s not much to stop it from falling to 0,35 $. This level is considered a critical support level, but if it fails, further decline is possible.
- Market Sentiment. If the crypto market in general turns bearish, Dogecoin will likely face increased selling pressure, which could push prices lower.
DOGE/USD 45 minute chart – TradingView
Most analysts agree that if the bitcoin collapses below $100,000dogecoin will be one of the first altcoins to experience larger declines. For now, all eyes are on the $0.37 support and the ability of Bitcoin to regain 104 000 $.
