Dogecoin price has dropped below $0.15, breaking through critical support levels, including $0.1400. The digital currency has fallen as low as $0.13, struggling to maintain its bullish trend.
The overall crypto market fall, which is triggered by the depreciation of Bitcoin, has led to the depreciation DOGE price by 10%. In addition, the lack of institutional interest in the new crypto ETFs has contributed to their poor performance.
Other leading cryptocurrencies, such as Ethereum and Solana, are also following this bearish trend with massive liquidation. The big question now is whether DOGE will sustain itself at $0.10 or continue to lose. The market mood is still pretty much negative, and the bears are on the move.
Is Dogecoin Price Ready for a Breakout?
A crypto analyst has recently sent out his notes on the Dogecoin price action and observed that the cryptocurrency is currently in a classic Cup and Handle pattern. He stated that Dogecoin is at the handle phase of this pattern, which is usually an indication of the possible price breakout.
The analyst indicated that this arrangement might result in an upward trend in the weeks ahead as the chart takes the anticipated bullish path of Cup and Handle formation.
Source: TweetAlso, the analyst pointed out a disturbing trend on the monthly Dogecoin chart. He indicated that the recent price movement of the cryptocurrency proved a violation of the support trend line. This is a very negative indicator, which mostly shows a downward movement of the market.
What’s Next for Dogecoin Price in 2025?
As of the reporting, the DOGE price crashed to $0.13304, showing a notable decline of 0.61%.
The price has been decreasing, and it has recently surpassed support levels, where the main resistance is located at $0.14. But now, there is a new support zone that is $0.12.
The MACD (Moving Average Convergence Divergence) indicates bearish signals. The MACD line has fallen below the signal line, which means that it has an upward momentum.
The Relative Strength Index (RSI) stands at an alarming level of 20, which implies that DOGE is oversold. To see the bullish scenario come to pass, Future Dogecoin outlook must stabilize at above the level of $0.14.
Source: DOGE/USD 4-hour chart: TradingviewThis would give it impetus to penetrate the second significant barrier at $0.15. Should the price be able to sustain itself above a level of $0.15, it can continue to gain to even greater levels at $0.18 or beyond.
However, if it fails to maintain momentum above $0.15, a pullback could occur. In that case, support levels around $0.12 and $0.10 would become important. These levels could act as the next potential floors for DOGE.
Source: https://coingape.com/markets/dogecoin-price-below-0-15-as-crypto-market-crashes-will-0-10-hold/
