Dogecoin (DOGE) is currently following the broader crypto market’s downward trajectory, raising concerns among investors. Despite this bearish trend, analysts remain divided on whether DOGE will plummet to $0.015 or stage a massive comeback.
Will Dogecoin Drop to $0.015?
Prominent crypto analyst Ali Martinez highlights that DOGE has followed an ascending channel since 2014. Historically, the meme coin has rebounded from the lower support trendline to the upper resistance before retracing. However, Dogecoin is now at a pivotal support level of $0.19. A decisive break below this level could trigger a sharp drop to $0.015, aligning with the coin’s recent volatility.
As of writing, Dogecoin is trading at $0.2029, down 2.87% over the past 24 hours. Although DOGE has gained 7.5% in the last week, it remains 23% lower than its value a month ago, indicating market uncertainty.
#Dogecoin $DOGE must NOT lose this support level! pic.twitter.com/i11z4m4Keu
— Ali (@ali_charts) March 6, 2025
A Rebound on the Horizon?
While Martinez warns of a potential downturn, other analysts see a bullish future. Crypto strategist Solbert Invest suggests that $0.17 could serve as a strong bottom for DOGE, with potential price targets of $0.57 and $0.82. He recently stated on X, “DOGE is testing macro support—if it holds and we bounce, these targets could be in play.”
Adding to the optimism, Dogecoin whales have been actively accumulating, purchasing over 150 million tokens. Increased whale activity often signals an impending price rally, reinforcing bullish sentiment in the market. Crypto analyst Patel has also identified the current price range as an accumulation zone, suggesting that long-term investors are positioning themselves for a breakout.
Can Dogecoin Hit $2.5 and Beyond?
Crypto Patel’s technical analysis suggests Dogecoin could surge to $2.5, following historical trends. His chart highlights key resistance levels at $0.320, $0.585, $1.501, and $2.5. Meanwhile, Crypto Daily Trade Signals has projected an even more ambitious target of $5 for DOGE, citing historical patterns and the average directional index (ADX) as indicators of a potential rally.
Also Read: Dogecoin Surges 15.76% to $0.20 – Can DOGE Break Past $0.25 or Is a Pullback Ahead?
Despite the current market uncertainty, Dogecoin’s future remains highly speculative. Whether DOGE falls to $0.015 or surges past $2.5, investors will be closely watching its next moves.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
