The price of Dogecoin decreases by 70 % in 120 days: Is the bullish reflection on the horizon?
In the first quarter of 2025, the maximum of the Memecoin market decreased by 65 % of its three -month high peaks of $ 116.7 billion to 40.46 billion dollars. Amid the fall, Dogecoin is struggling to appear above the 0.15 dollar sign.
The price of the Dogcoin market has decreased from $ 0.46 to a current price of $ 0.1475 over the past 120 days. This explains an enormous dive by approximately 70 %. Is there a reverse possibility for Dogecoin?
Dogecoin price analysis
The declining trend has violated the decisive support level of $ 0.15. Based on Fibonacci levels, the declining trend currently tests a decisive support for a level of 23.60 % at $ 0.1379.
With the rejection of the low price, Dogecoin trades with a profit during the day by 4.07 %, indicating a possible return. This is likely to challenge the long -resistant trend line, as Dogwin’s bullish growth in the examination carries.
Because of the prevailing fall, the EMA 100 and 200 days have recently gave a negative intersection. This complements the landline alignment of the EMA 20, 50, 100 and 200 days lines.
However, supporting the possibility of recovery ascending, reflects the daily relative strength index. The RSI line wanders slightly higher than the sale area, but it reflects a bullish difference compared to the previous bottom that was formed in the sale area. This is a possible bounce in Dogecoin.
Ali Martinez’s main support amid the sale of the whale
According to Ali Martinez, an encryption analyst, the encryption whales empty Dogecoin at a huge pace. Based on data from Santiment, Ali unveils 1.32 billion dusk that has been sold by whales during the past 24 hours. This has decreased whale holders to 70.88 billion dawn symbols.
Whales are sold more than 1.32 billion #DogeCoin $ Doge In the past 48 hours, as shown in the data from Santimentfeed! pic.twitter.com/k3nSd03kl
Ali (ali_charts) April 9, 2025
The massive diving in the past 48 hours reflects the weak confidence of the encryption whales in the Meme currencies with increased uncertainty in the global market. Thus, if the market conditions continue to appear fluctuations due to the ongoing tariff war, Dogecoin may witness a huge increase in supply.
Since October 2023, #DogeCoin $ Doge The growing trend line that is now approximately with a 61.8 % FIB alternative is respected at $ 0.13, making this the main support level to see. pic.twitter.com/fsLLECPIU
Ali (ali_charts) April 8, 2025
However, which limits the possibility of a negative step, Martinez also highlights the long -standing support line at work. In conjunction with a 67.80 % Fibonacci alternative at $ 0.13, this decisive support can pay higher DOGECOIN prices.
The trend line has been intact since October 2023 and remains the level of direct support for Dogoin.
Dogecoin futures
Despite the increasing uncertainty, Dogecoin merchants are optimistic about the upscale return. Over the past 24 hours, fluctuations in future decades have increased.
However, the last shift has pushed Long situations From 48.55 % to 52.87 %. This enhances a long ratio to the bottom from 0.9436 to 1.1218 in just 4 hours. This represents the strong, endless bullish confidence in Dukwin.
Can Dogecoin be released again?
Based on Fibonacci levels and price analysis, it is likely that the EMA line operation is possible for 20 days at $ 0.1656. This coincides with the long -term resistance trend line.
In the event of an upward outbreak, the bullish trend is likely to challenge 50 % at $ 0.20. On the other hand, it is possible to challenge the violation under $ 0.13 support level of $ 0.10.
