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Dogecoin is now trading at critical levels after enduring several days of continuous sale pressure and failed to break the $ 0.18 sign. The famous MEME coin is currently 65 % of its multi -year height about $ 0.48, and the feeling of Dog is still frustrating. As price work continues to weaken, investors grow cautious, and fight bulls to restore control.
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The broader financial scene does not help. The total economic uncertainty, increased geopolitical tensions, and overwhelming commercial tariffs vibrate global markets, pushing assets on risk such as deeper coercive currencies in the correction area. In this environment, volatility and instability became the standard – especially for very speculative assets such as Meme currencies. Dogecoin, known as noise -based noise cycles, can be especially at risk if market conditions continue to deteriorate.
Crypto analyst Ali Martinez shared a technical analysis on X, and revealed that Dogecoin is currently testing the main support level. According to Martinez, this level is likely to determine the next big step of the currency – either leading to a recovery or opening the door to deeper losses. Since the feelings are still fragile and volatile, the following Dog’s steps will be closely monitored because they swing on the edge of the negative side.
Dogecoin is trading at the Make -or Break level where the bears are dominated
Dogecoin is traded in a decisive request area weeks after the aggressive sale pressure that led to the price of the price less than the main resistance levels. Of all the encryption sectors, the MEME currencies have made the most difficult success during the last market correction, and Doug is not an exception. The original continues to follow a strong declining direction, and unless the bulls are able to defend the current support, the decline can accelerate.
Nowadays, Dogecoin hovered above the level of $ 0.17 – a main threshold that may decide whether the currency exceeds or continues to slip. Martinez visions Highlighting the importance of this region. According to Martinez, Dogecoin is now at the level of “making or breaking”, and how he behaves here will form a short -term and perhaps long -term course.
Martinez noted that Dog was circulating on a long -term emerging channel, sitting 0.17 dollars at the lower border of this structure. The decisive reservation at this level can be a launch platform for a large gathering, especially if the broader market morale improves. On the contrary, if you lose this support, the upper structure will collapse – open the door to deeper losses.
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With metal currencies in the Meme, the uncertainty in the macro is still playing, all eyes are in the next Doge step. If the bulls fail to defend the mark of $ 0.17, Dogecoin may face another lower leg. However, if this decisive support continues, it may follow a strong recovery, providing a rare window to the patient’s investors.
DOGE is trading below the main averages where Bulls defends $ 0.16 support
Dogecoin is currently trading at $ 0.169 after several days of struggle to restore momentum less than 4 hours of 200 M and EMA, both hovering near the level of $ 0.18. The last rejection of this technical area has kept Doug under pressure, as price procedures showed signs of constant weakness. The bulls are now in a narrow place, and you need to defend the current levels to avoid deeper correction.
To confirm a possible recovery rally, DOGE should not be limited to a mark of $ 0.169, but must also be decisively broken at the resistance level of $ 0.205. This region has worked as a major barrier in recent weeks, the penetration will indicate a transformation in the momentum and open the path towards higher levels.
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However, negative risks remain. If Dog is lost $ 0.16 – a level that has been held through previous declines – it may decrease quickly to less than $ 0.15, deepening the declining direction. With Meme currencies not weakening in all fields and the morale of the comprehensive market is still fragile, the next step for Dogecoin will be very important. The apostasy from here may lead to the beginning of the recovery stage, but the failure to restore the main technical levels may lead to a decrease in another leg.
Distinctive image from Dall-E, the tradingView graph
