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Home»Altcoins»Analyze how the next Dogecoin movement decreases from this price level
Altcoins

Analyze how the next Dogecoin movement decreases from this price level

2025-02-27No Comments2 Mins Read
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Posted: February 28, 2025

  • Doge has broken underlying important support without a clear demand zone in sight.
  • Will bulls occur, or is a deeper correction within hands?

Dogecoin [DOGE] has fallen under an important support level on the 1D graph, after a decrease of 50% compared to the Q4 peak, with $ 0.20 that now pops up as the third crucial floor this year.

In the meantime, meme sector values ​​have deposited $ 15 billion in a week, with Doge only $ 8 billion. Doge’s ability to maintain this level is confronted with a serious test.

To start with: Drawn up network growth

The network of doge contracts quickly, with new address creation collapse From 1.29 million at $ 0.38 in November to only 31k at the time of the press – a decrease of 97%.

While Hodlers unloading and fresh inflow remain weak, the imbalance of the demand delivery forces Doge in lower lows.


DooDoo

Source: TradingView (Doge/USDT)

Unless network activity sees a meaningful rebound, the long -term process of Dogecoin Beerarish remains.

The chances of reclaiming his peak of $ 0.48 after the elections seems far away, while the long -awaited purpose of $ 1 remains very elusive.

But the big question is – will do reverse $ 0.20 in support?

In the midst of the broader market that went on the market, Dogecoin has erased 18% of its weekly profit, liquidate $ 7.64 million in long positions in the last 24 hours.

Network data shows that DOGE Holdings in 1m-10 m token portfolios have fallen to a lowest point in six months, so that more than 460 million coins are dropped.

See also  Bitcoin Google search interest is at critical level, which is this prediction for BTC

In the meantime, an important whale portion in the reach of 100 M-1B has discharged a stunning 6 billion doge since the rally after the elections, which strengthens the sales pressure.


Dogecoin WalvisDogecoin Walvis

Source: Santiment

In the short term, a rebound will remain up to $ 0.25 – its earlier resistance – uncertain in the midst of weak accumulation and unfavorable macro conditions.

Must deteriorate external headwind and bitcoin[BTC] Drop under the support of $ 84k, Dogecoin can face considerable challenges in defending its $ 0.20 price base.

Next: Crypto -Crash wipes out billions: is the worst over? Experts say …

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