Most altcoins do best to make a strong comeback after the last withdrawal of their respective local highlights. In the meantime, the Dogecoin price is retained a strong falling trend after the rejection of the local resistance zone almost $ 0.2. Although the prices of Bitcoin and Ethereum consolidate closely within a narrow range, aimed at activating a rebound above the Bearish range, the doge price seems to be losing its grip over the rally. The token is about to erase the win in the past 30 days, which refers to the revival of a fresh Bearish trend.
This evokes concern about whether Dogecoin has a future. Will the costs of 1 Dogecoin $ 0.5 reach in 2025?
The DOGE price is maintaining a horizontal trade without showing a strong possibility of trend removal. As a result, sufficient liquidity is collected on both sides, which suggests that the token has entered a decisive phase.
De Doge -Price has activated a rebound before he reaches the liquidation zone around $ 0.164, where the liquidation lever has surpassed $ 500 million. To reclaim the higher levels, the price is therefore required to liquidate leverage within this range by diving under the range. This can squeeze out all the shorts, making a considerable rebound and a constant revival possible. Nevertheless, the question remains: will this help the doge price to reach $ 0.2?
The DOGE price promotion in the short term suggests that the price experiences enormous upward pressure after not holding above the rising trend line. The conversion line of the Ichimoku cloud acts as a strong resistance, without showing any chance of a bullish crossover. On the other hand, the stochastic RSI was confronted with a withdrawal after testing the average range, which indicates the growing dominance of the bears.
That is why the Dogecoin (doge) price is expected to test local support at $ 0.162, which is below the liquidation level at $ 0.164. This movement is expected to cause a short liquidation and cause a strong revival of higher goals, probably at $ 0.18 initially and later at $ 0.2.