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Dogecoin is now trading at critical levels after surviving a few days of lasting sales pressure and is not exceeding the 0.18 USD mark. The popular meme coin has currently dropped by 65% compared to the highest level of about USD 0.48, and the sentiments around Doge remain disappointing. Because the price action is still weakening, investors become careful and bulls are fighting to regain control.
A wider financial landscape does not facilitate. Macroeconomic uncertainty, growing geopolitical tensions and wide trade tariffs shake global markets, pushing risk assets such as cryptocurrency in correction territory. In this environment, variability and instability become the norm – especially in the case of highly speculative resources, such as meme coins. Dogecoin, known for the price -based noise cycles, can be particularly sensitive if the market conditions deteriorate.
Cryptographic analyst Ali Martinez divided the technical analysis into X, revealing that Dogecoin is currently testing a key level of support. According to Martinez, this level will probably determine another enormous coin movement – either causing a reflection or opening the door to deeper losses. Due to the fact that the sentiments are still frail and volatility, the next steps of the dog will be carefully observed when it irritates on the edge of the further inheritance.
Dogecoin trades at the Make-Rede-Break level when bears dominate
Dogecoin trades in a critical demand zone after lasting weeks of aggressive sales pressure, which reduced the price below key levels of resistance. Among all sectors of the MEME MONES cryptocurrency, they were the most arduous hit during the last market correction, and Doge is no exception. Assets still follow a mighty bear trend and until the bulls are able to defend its current support, the downward trend can accelerate.
Currently, Dogecoin rises just above 0.17 USD levels – a key threshold that can decide whether the coin will bounce or still slide down. Martinez’s observations Emphasize the importance of this zone. According to Martinez, Dogecoin is now at the level of “Make-Corde-Break”, and the way he behaves here will shape its short-term and probably long-term trajectory.
Martinez pointed out that Doge trades in the long -term channel stubborn, and the level of 0.17 USD is located on the lower limit of this structure. The decisive suspension at this level can act as a starting rally, especially if wider market moods improve. And vice versa, if Doge loses its support, the stubborn structure breaks down – opening the door to deeper losses.
Since the meme highrfing and macro coins uncertainty are still in the game, all eyes have the next dog. If the bulls are not defending the 0.17 USD sign, Dogecoin may go to the next leg below. However, if this key support may occur, a powerful reflection may occur, offering a sporadic window for patient investors.
Doge trades below key medium because Bulls defend 0.16 USD support
Dogecoin currently trads 0.169 USD after a few days of struggle to recover the shoot below 4-hour 200 mA and EMA, both floating near 0.18 USD. The recent rejection of this technical zone has kept the dog under pressure, and the price shows signs of constant weakness. Bulls are now in a restricted place, they must defend their current levels to avoid deeper correction.
To confirm the potential recovery rally, the dog must not only maintain above 0.169 USD, but also decisively exceed the resistance level of USD 0.205. This area acted as a key barrier in recent weeks, and the break would signal the shift of the shoot and open the path to higher levels.
However, there is a minus risk. If Doge loses support of USD 0.16 – a level that the previous Dips maintained – it can quickly fall below the 0.15 USD mark, deepening the bears of the trend. Because Meme coins achieve worse results around the world, and the general market moods are still frail, the next Dogecoin movement will be crucial. The reflection from here may mean the beginning of the recovery phase, but the lack of regaining key technical levels may cause another leg.
Recommended photo from Dall-E, Tradingview chart
