A Key Indicator Hints at a Double-Digit Increase for Dogecoin

The price of the crypto-asset Dogecoin dangerously oscillates around $0.24. Technical signals are blurred between hopes for ETFs, massive token withdrawals, and bearish indicators. Should we expect a quick rebound or a prolonged collapse? Full analysis here !

A fragile balance for Dogecoin between hopes and warning signals

Dogecoin (DOGE) experienced a rapid rise to $0.30 before suffering an 11% drop in 24 hours. This sharp correction places this crypto asset in a tension zone, under the combined effect of massive sales and an uncertain technical climate.

According to trading data, the DOGE token now trades below key technical thresholds (notably at $0.2550). It is seeking to stabilize around $0.23.

Graphical structure analysis shows consolidation under an unfavorable hourly moving average. The RSI slips below 50 and the MACD shows negative momentum, reinforcing the bearish scenario.

To consider a reversal, the price will need to:

• reclaim levels of 0.2550 ;
• break the resistance at $0.2720.

A move toward $0.315 remains even possible if buying pressure intensifies.

Meanwhile, the market is watching the support area at $0.2450, with two major thresholds at $0.2320 and $0.2250. A sharp break could push Dogecoin down to $0.2120 (or even $0.2050, according to current projections).

A rally still possible thanks to ETFs and crypto whales?

Despite bearish signals, several fundamental elements strengthen medium-term bullish scenarios. Notably, there is anticipation around the DOJE ETF which fuels crypto market expectations. If regulatory green light is confirmed, this could propel Dogecoin price up to 75% higher.

Another element to consider: the reappearance of institutional investors. More than $266 million in DOGE has recently left crypto exchanges, thus reducing market liquidity. This phenomenon, generally interpreted as a sign of accumulation, could favor a price rise in case of a bullish recovery.

Finally, and importantly, a particular technical setup. Dogecoin is indeed close to a major Fibonacci level, often associated with historical rebounds. Some crypto analysts believe that if resistances are strongly broken, the DOGE price could target zones between $0.60 and $0.70.

One thing is for sure: Dogecoin is walking a tightrope. The next few days could set the course of this crypto for the coming weeks. To be continued…