At the time of writing, Dogecoin’s price sits at $0.185, holding just above its immediate support level. However, the bearish signals from both EMAs and whale behavior suggest a continued slide may be ahead.
If momentum weakens further, Dogecoin’s price could drop to $0.175 or even $0.165. This decline may trigger panic selling among retail traders, intensifying market losses and delaying any potential recovery.
Alternatively, a swift rebound could see Dogecoin reclaim $0.199 and potentially breach $0.209. Such a move would invalidate the bearish thesis and restore some investor confidence, signaling renewed market participation and short-term stability.
If momentum weakens further, Dogecoin’s price could drop to $0.175 or even $0.165. This decline may trigger panic selling among retail traders, intensifying market losses and delaying any potential recovery.
Alternatively, a swift rebound could see Dogecoin reclaim $0.199 and potentially breach $0.209. Such a move would invalidate the bearish thesis and restore some investor confidence, signaling renewed market participation and short-term stability.
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Leader in crypto news, award winning journalism in 26 languages.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.