With the Bitcoin drop to the 88,000 dollar sign, Dogecoin, the largest Mimi currency in this industry, decreased, approximately 17 % last week. By the market square of $ 31.27 billion, Dogecoin dominates more than 50 % of the Meme Coin market, which is $ 58.20 billion.
Currently, Dogecoin is trading a market value of $ 0.2110, with 24 hours increase by 4.68 %. Will this short -term recovery in Dogecoin renounce a rapid bounce of $ 0.20 psychological brand?
Dogoin: 0.20 dollars in danger?
In the price scheme for 4 hours, Dogecoin continues to maintain a declining direction under the influence of the resistance direction line. The Trendline line of resistance from the high alternative began at $ 0.41, which led to a multi -rejection.
Currently, Dogecoin is trading at approximately 50 % of the high starting swing. The falling trend led to a declining alignment of the EMA 50, 100 and 200 days lines.
The fall reached a decrease of $ 0.1953 and witnessed a short -term recovery. With the reversion, the 4 -hour RSI RSI line appears from the OverSov region, indicating a possible re -test of the broken support line of $ 0.23.
Emotional shift: Will Dukwin collide with the introduction?
Despite the tremendous collapse of Dogecoin, long -term bearers are still in denial. This depends on a new tweet by Ali Martinez, an encryption analyst.
Long -term #DogeCoin $ Doge Their bearers in “denial”. pic.twitter.com/msnefwpgid
Ali (ali_charts) February 26, 2025
The analyst highlights a long -term NUPL ratio that decreases to the stages of belief or deprivation. This was characterized by a shift in the feelings of Dogecoin from euphoria or greed to belief/denial.
If the broader market continues to collapse, the declining trend will now enter a stage of anxiety, which will increase the chances of prolonged correction.
Dogecoin network activity decreases
Amid the chances of a huge accident, the analyst also highlights a tremendous slowdown in Dogecoin Network activity. The activity decreased by approximately 95 %, as the active headlines decreased from 2.66 million to 130,282 active titles.
#DogeCoin $ Doge The network activity decreased by 95 %, as it decreased from 2.66 million active addresses in November to only 130,282! pic.twitter.com/slh3qtump6
Ali (ali_charts) February 25, 2025
The huge decrease came in just months, as the price of Dogecoin collapsed under $ 0.25 psychological support.
Dogecoin key levels
Since Dogecoin maintains dominance over its 0.20 dollar psychological brand, the short -term price analysis is alluded to a possible recovery to challenge the upper trend line. This trend is currently located near the support level, which has turned to $ 0.23.
In the event of a breakdown over the decisive resistance, Bull Run is likely to challenge the 200 EMA line near $ 0.2720. On the other hand, the collapse is likely to test a mark of $ 0.1650, followed by psychological support of $ 0.15.
