Dogecoin has fallen below the key $0.15 level, signaling strong selling pressure across the market. The decline pushed DOGE down to $0.13 after breaking several critical support zones, including $0.1400. This drop reflects the broader crypto market selloff triggered by Bitcoin’s continued depreciation, which dragged Dogecoin down by roughly 10%. A lack of enthusiasm from institutions toward new crypto ETFs has also weighed on sentiment.
Major altcoins like Ethereum and Solana are experiencing similar downward momentum, with heavy liquidations reinforcing the bearish atmosphere. The key question for traders now is whether Dogecoin can defend the crucial $0.10 support zone or if more losses are ahead. Market sentiment remains negative, and bearish momentum continues to dominate.
Is Dogecoin Setting Up for a Bullish Breakout?
A well-known crypto analyst recently highlighted that Dogecoin is forming a classic Cup and Handle pattern. According to his analysis, DOGE is currently at the “handle” phase, a technical formation that often signals a potential breakout in the medium term. If the pattern plays out, DOGE could see bullish momentum building in the coming weeks.
However, the analyst also flagged a concerning signal on the monthly chart. DOGE has slipped below a major long-term support trendline — a development that historically suggests further downside risks.
What to Expect from Dogecoin Heading Into 2025
At the time of publishing, Dogecoin trades near $0.133, reflecting ongoing weakness. The price has recently broken multiple support areas, with immediate resistance now sitting at $0.14. A new support level has formed around $0.12.
Technical indicators remain bearish.
- The MACD shows downward momentum as the MACD line sits below the signal line.
- The RSI is at 20, indicating severely oversold conditions.
For a bullish scenario to develop, DOGE must reclaim and stabilize above $0.14. This would provide enough strength to challenge the next major resistance at $0.15. A confirmed break above $0.15 could open the door to further gains toward $0.18.
If Dogecoin fails to build momentum, a deeper pullback remains possible. In that case, support at $0.12 and the critical $0.10 level would become key zones for buyers to watch.
