The cryptocurrency market was Encouraging from a wider saleAnd Dogecoin has not been spared, and its price has recently dropped to the three -year lowest level 0.20 USD. Although there has been a slight recovery, there is fears that the decline has not yet ended. According to a cryptographic analyst known as David_perk on TradingView, Dogecoin is still in a sturdy bottom, with indicators indicating further losses that could cause a memu coin failure up to 0.15 USD.

Dogecoin’s weakness and the risk of further decline

The last disaster of Dogecoin prices was a very discouraging movement for stubborn investors. However, the failure has led to a reflection of 0.2 USD and now it seems that it stabilizes at this level of support. Although this is a short-lived slowdown in the disaster, technical analysis shows that it still exists Risk of greater defects.

David_perk cryptographic analyst, who shared his perspectives In TradingView, using a 12-hour Dogecoin candlestick chart, he maintains that the meme coin remains in a sturdy bottom. According to the analysis, there are no clear signs of stubborn reversal at this stage, and the price campaign still reflects the pressure for sale.

David_perk analysis suggests that Doge is currently placed inside A sturdy decreasing channel and is approaching the critical daily trend line. In particular, this descending channel has been created since the beginning of this year.

The loss of many support levels further strengthens the argument that Dogecoin can face another leg down. Fibonacci’s recovery levels and historical price strengthen this bear’s perspective, and the analyst provides for a minimum of 30% inheritance compared to current levels.

Is the next failure to 0.15 USD really coming?

According to the Dogecoin analyst, it can still fall until it is 0.15 USD, based on historical data and levels of Fibonnacci. In particular, the recent immersion accumulated a enormous proportion of Dogecoin owners, they gathered from October 2024, and if the decrease extends to 0.15 USD, this would mean almost the general withdrawal of the rally, which began at the end of last year. In particular, such a move would mean 68% loss from the recent long -term maximum Dogecoin in December last year.

At the time of writing, Dogecoin trads 0.21 USD, which is an augment of about 4.5% in the last 24 hours, but still dropped by 16.5% in a seven -day time. Only way To avoid such immersion Up to 0.15 USD is if Doge Bulls can maintain a position over 0.20 USD support and exceed USD 0.25. Failure to comply above 0.25 USD would cause Dogecoin in a decreasing channel. The next thing in this case would be to create a lower level, which would eventually translate into a failure below USD 0.20.

Luckily, Data on the chain show This long -term addresses of Holding Holding are still in “Danail”, which is still a positive signal.

A distinguished painting with a medium, chart from tradingview.com