Dogecoin Faces Bearish Pressure! Can It Still Hit $1 in 2025?
The cryptocurrency market has shown increased uncertainty over the past few days, indicating increased buying pressure in the cryptocurrency market. Therefore, the Memecoin market recorded the highest price action, with the main token showing constant volatility.
In this way, investors are curious about this issue. Is this a good time to invest in Dogecoin? Additionally, investors are worried about another potential crypto crash this week! In this article, we find market sentiment and possible short-term dog price analysis.
Doge Meme Coin has important support of $0.265!
Dogecoin’s price fell about 1% in 24 hours, with trading volume of $2.886 billion and stock change of -53.36%. In addition, it lost 18.24% in elastic munitions and 30.81% in 30 days. With a market value of US$39.63 billion, it has secured the 8th place in the market.
Moving average convergence difference (MACD) records a constant drop in the red histogram, with its average recording similar price action over the daily time range. This highlights the increased sales pressure on the largest souvenirs on the market.
On the other hand, the SMA indicator continues to act as a resistance to the Dogecoin price chart, suggesting that Meme coins may continue to lose value for the time that follows.
Will Doge Price recover?
Maintaining prices above their support levels may be a stage for this meme to retest its immediate resistance level at $0.325. Additionally, if bullish sentiment is maintained, the price of the Doge token may move towards the upper limit of $0.385.
Conversely, if the bear surpasses the bulls, the price of the multimycin may damage its important support level of $0.265. Additionally, if bearish sentiment intensifies, this could lead to a drop in its next key support level of $0.20750.
Planning to invest in the biggest meme coins before Memecoin Mania Kickstarts? Read our latest information Dogecoin price forecast today!
Frequently Asked Questions Answers
Given this meme and the circular supply of current market sentiment, this monument achieved a $100 milestone, which is extremely unlikely.
If bullish sentiment is maintained, this meme coin may exceed $1 this year.
At the time of writing, a Doge coin is worth $0.26673.
