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Dogecoin is at a critical point, and its price hesitated about USD 0.16. Traders watch carefully because this level of support can be a decisive factor whether the meme coin starts or will fall. If history is any guide, maintaining this level can cause a rally and loss can bring more pain.
Dogecoin: key level to watch
The level of support worth 0.16 USD is not only a random number – it was a key zone for Dogecoin. If it stays above this sign, there is a good chance of reflection. Earlier price movements suggest that Dogecoin tends to climb after testing key brackets.
Some analysts believe that maintaining this level can lead to a breakthrough in the direction of 0.20-, 30 USD in the near future.
Ali Martinez’s cryptographic aletics considered that the price of Dogecoin follows the growing parallel channel. He believes that if support of USD 0.16, the coin can escalate in the direction of USD 2.74, and even even USD 6.24 in powerful Party script.
However, the failure below this level may annul this perspective and cause a reduction in price.
#Dogcoin $ Dog It is approaching the key level of support on the lower limit of this channel. Keeping above 0.16 USD can give a powerful reflection! pic.twitter.com/focudbntfz
– Ali (@ali_Charts) March 9, 2025
Traders adapt the price goals
The market mood changes. Some traders set their profits from 0.70 to 0.80 USD, looking for another massive traffic. Even in the case of recent failures, many people still think that Dogecoin will reach USD 1.
Even if it seems that it is far from each other, everyone who resembles Dogecoin’s meteoric misery in 2021 knows that when the rush is building, it may surprise.
Meanwhile, miniature -term traders are careful and refrain from making significant transactions until they receive brilliant characters.
The course of the next days may determine whether Dogecoin will continue to be upward or stay in the current range.
History indicates a possible rally
Earlier Dogecoin’s performance shows the model of the main price fluctuations after testing powerful support zones. After leaving key ratings in 2017 and 2021, the coin earned a lot of money.
If everything goes as they are, some experts think that Dogecoin can exceed USD 1.75 in the next bull.
Still, it is never uncomplicated to say how crypto moves. External factors, such as how you feel the market, Bitcoin prices and wider economic trends, will also affect the price path of the coin.
Current price campaign
Currently, the seller for around 0.174 USD, Dogecoin MA fell by about 7% day before. Low dropped to USD 0.16; The height pattern reached USD 0.1878. Market capitalization Meme Crypto is currently almost $ 26.23 billion. Technical indicators suggest possible reflection, but it depends on whether the buyers are entering this critical level.
A distinguished picture from Gemini Imagen, chart from TradingView
