Dogecoin (DOGE), the original meme-based cryptocurrency, faced some price pressure. While the broader crypto market remains mixed, DOGE is showing signs of consolidation with short-term bearish sentiment.
In this article, we will look at Dogecoin price target by looking at price target and technicals.
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Dogecoin Next Price
- Current Price: $0.1694
- 24h Price Change: -4.83%
- 24h Range: $0.1668 – $0.1791
- Market Cap: Approximately $22.7 billion
- 24h Trading Volume: Approximately $913.7 million
- Circulating Supply: Approximately 148.9 billion DOGE
Price is in a Downtrend, however, there are signs of potential trend reversal: breakout from Channel Down pattern, bullish RSI Divergence and a Dragonfly Doji (March 7th).
Notice also that the gap from $0.18 to $0.35 from early November (after US elections) has now been mostly filled.
We would prefer to enter on pullbacks near $0.15 support, with +20% upside potential back to $0.18. Stop Loss at $0.13.
📈 Key Technical Indicators
- Relative Strength Index (RSI): ~45 (neutral to slightly bearish)
- MACD: Bearish crossover forming
- Support Level: $0.1668
- Resistance Level: $0.1791
- Current Trend: Slight downtrend with weakening momentum
📰 Latest Dogecoin News & Developments
- 📉 Pullback After Rally:
Dogecoin is retracing after a recent upswing, with traders locking in profits near the $0.18 level. - 📊 Technical Pressure:
Momentum indicators suggest short-term weakness, with the MACD turning bearish and RSI sliding toward neutral. - 🐕 Community Buzz Remains Strong:
Despite the pullback, Dogecoin’s online community remains highly active, with continued interest from retail investors and meme culture traders.
📌 Summary
Dogecoin’s current pullback reflects a cooling off period after its recent gains. Technicals suggest further consolidation unless bulls regain control. As always with DOGE, community sentiment can be a major driver of price.
👉 Short-Term Forecast: Bearish bias unless support at $0.1668 holds
📉 Risk Factor: High – short-term volatility likely to continue
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