DOGE: Can It Survive The Bear Market?

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Dogecoin is now trading at critical levels, having endured several days of selling pressure. It’s down 65% from its high, and sentiment is underwhelming. Bulls are struggling, and the bears are dominating.

The broader market is a mess—uncertainty, tensions, and tariffs are pushing crypto into correction territory. Dogecoin, known for its hype cycles, could be extra vulnerable if things get worse. Analyst Ali Martinez says it’s testing a key support level. If it holds, it could rebound; if not, it’s game over.

Dogecoin at Make-or-Break Level

Dogecoin is trading at a critical demand zone after weeks of selling. It’s down 65% from its high, and unless bulls defend the current support, the downtrend could accelerate. The $0.17 level is crucial. If it holds, a rally could follow; if not, expect more losses.

Martinez notes Dogecoin has been trading within a bullish channel, and the $0.17 level is at the bottom. Holding it could launch a rally, but if it falls, the bullish structure breaks, leading to deeper losses.

With meme coins underperforming and macro uncertainty, all eyes are on DOGE. Can it bounce back or is it headed for another leg down?

DOGE Below Key Averages as Bulls Defend Support

Dogecoin is trading at $0.169, struggling to regain momentum below the 4-hour 200 MA and EMA. Bulls need to hold the $0.169 mark to avoid a deeper correction. A break above $0.205 would signal a shift in momentum, but if it falls below $0.16, the bearish trend could deepen.

A bounce from here could mark a recovery, but failure to reclaim key levels could result in another leg down. The future of Dogecoin is in your hands, or rather, in the market’s.

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2025-04-05 20:11