The crypto market is currently experiencing a significant selloff, with Bitcoin falling below $100K and dragging down altcoins including Dogecoin (DOGE), which has lost over 15% in the past week. DOGE has dropped below the critical $0.30 support level. While there is a possibility of a quick rebound, the overall market trend suggests more downside. Traders are concerned about DOGE's price action, as historically it has rebounded strongly after breaking key support levels, but the current market environment is different. If DOGE fails to reclaim $0.30, lower targets like $0.28 and $0.25 may come into play, with $0.20 as a worst-case scenario. Previously, DOGE's price was heavily influenced by Elon Musk's tweets, but now it seems to be more affected by the broader crypto market and Musk's direct tweets about the coin. The next key support levels for DOGE are at $0.28, $0.25, and $0.20, while potential upside targets are $0.35, $0.40, and $0.45 if the market reverses.
Content Editor ( cryptoticker.io )
- 2025-02-02
Dogecoin Price Prediction: Is the Hype Over or Will DOGE Bounce Back?
