Dogecoin price has recently struggled to maintain levels above $0.15, following a decline of 12% over the past week. The cryptocurrency was unable to hold the key $0.20 support level, contributing to its downward trend. Questions remain if the DOGE price will hover above the $0.15 level or will crash further.
This fall reflects the general downward trend in the crypto market, which fell 1.95% in the past 24 hours and 12% in the past week. The decrease of major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and XRP also indicates a larger market decline.
The price of Dogecoin is approaching a critical technical level since it is right on the verge of establishing a falling pattern. The price trend of Dogecoin indicates that it may be out of this structure, and, in the past, it was accompanied by strong growth. The meme coin holds an important support zone, an added factor to the expectation of a potential rebound.
The analysis shows that in case Dogecoin manages to hit out of the wedge, the coin may experience a jump like in the previous rallies that could see it increase more than 430%. As the market conditions take the right direction in this formation, most investors are closely observing whether DOGE can repeat or cause another significant price spike.
Dogecoin price recently struggled to stay above $0.15 after slipping from the $0.20 support, amid a broader crypto market downturn that saw major coins decline over the past week. A breakout from the current wedge could trigger a substantial rebound, potentially surpassing previous rally levels.
Summary of key points: - DOGE has struggled to remain above $0.15 in the latest trading period. - The market-wide downtrend has impacted DOGE alongside other major cryptos. - A potential rebound may occur if DOGE breaks out of the current wedge formation, with historical rallies suggesting sizeable upside.
In a bearish scenario, DOGE could test lower support levels if current selling pressure persists and broader market weakness continues.
Author’s note: The forecast reflects technical pattern analysis and recent price action, not guaranteed outcomes, and should be considered alongside other market indicators and risk management considerations.
Author’s summary (120–200 characters): DOGE faces near-term pressure below $0.15 with a critical wedge pattern; a breakout could spark a strong rebound, while continued selling may push prices lower in a volatile crypto landscape.