Dogecoin (DOGE) Lost Control, Poised For 20% Price Drop
After the price of Bitcoin (BTC) and Ethereum (ETH) fell more than 4%, Dogecoin (Doge) lost key support and is now ready for a massive decline. On March 10, 2025, the entire cryptocurrency market experienced a significant decline after the bells opened in the U.S. market.
Doge’s current price momentum
In the case of price drop, Doch’s decline is more than 6.5%, below the key level of $0.17, and is currently trading below $0.16. This marks the first time Doge has dropped below key levels in the past three months.
Dogecoin (Doge) price action and upcoming levels
According to expert technical analysis, Doge appears to be bearish because it failed to hold the $0.17 level. Based on recent price action and historical patterns, this breakdown suggests that the asset may drop by another 20%, reaching $0.125 in the coming days.
Currently, Doge’s relative strength index (RSI) is below 26, indicating that it is in the oversell area and lacks the intensity of price recovery. Meanwhile, its 200 exponential moving averages (EMA) trades far out, indicating a sustained downward trend.
Doge worth $31 million outflow
According to Link Analysis Company Small shop. Data from spot inflows and outflows suggest that over the past 24 hours, the exchange has recorded outflows of $31 million worth of Doge, indicating potential accumulation.
This outflow of bearish markets indicates potential accumulation, which may create buying opportunities and trigger further upward rally.
