Dogecoin Will Start A Move To $4 If Current Demand Holds – Can Bulls Step In?
With huge sales pressure on prices, Dogecoin’s trading is below key liquidity levels. There is a large amount of liquidity outflow throughout the meme coin market, and fear and uncertainty dominate investor sentiment. Speculative assets such as Doge have taken the biggest hit, with prices falling by more than 35% since mid-February. With negative momentum still driving the market, some analysts speculate that this trend may continue and may push Doge to a lower level.
However, not all analysts are bearish about Dogecoin’s future. Analyst Ali Martinez Positioning for potential gatherings. According to Martinez, if Dogecoin holds support above $0.16 to $0.19, the path can still open at $4 in the coming months. Historically, the support area has been a key accumulation area, and if buyers step in, Dogecoin may target a positive rebound.
Since the Meme coin market is at a crossroads, Dogecoin remains a key asset to watch. Whether it continues to decline or restore strength will depend on how the critical support levels remain in the coming weeks.
Dogecoin prepares for macro movement
Dogecoin trades below $0.25, a key price level that will determine the short-term direction. The meme coin market continues to bleed, and speculative assets face the greatest sales pressure. Dogecoin, the leader in the field, has fallen 46% since late January as the market remains frightening and working to restore momentum. Analysts warn that there may be further drawbacks unless buyers step in to defend their primary support.
Martinez’s analysis The critical long-term view of Dogecoin is emphasized. He noted that if Doge holds support above $0.16 to $0.19, the path can still be open for $4.
This will represent a 1,700% price increase, making Doge one of the most explosive assets on the market. However, Martinez stressed that this move will take time and even if Doge maintains these levels, there is no guarantee of an immediate rally.
In the short term, Doge must recoup the $0.25 level to break the bearish trend and confirm a potential reversal. If sales pressure continues, a decline below $0.16 could lead to further declines and invalidate the bullish outlook. At present, all key levels of support remain all eyes as it can lay the foundation for Dogecoin’s next major initiative.
DOGE price action details: the key level to watch
Dogecoin (Doge) trades at $0.20 after trying to recover the resistance zone of $0.21-$0.22. The Bulls’ attempts to raise prices failed and the bears are still in control as sales pressure continues to bear prices. Doge has further downsides as the wider cryptocurrency market and meme coins face massive liquidity outflows.
If Doge can’t stay above its current level, then the next major support rate is 0.17, which is where buyers can try to defend the price. Losing this mark may cause the other leg to fall, confirming a prolonged correction. On the other hand, a strong rebound and recovery of $0.25 will indicate that the Bulls have recovered control and may trigger a massive recovery.
Currently, Doge must exceed the $0.22 level and turn it to support to build momentum for potential gatherings. If the buyer step in and raises the price above $0.25, it will confirm the trend reversal and open the way for higher goals. However, as bears still lead the market, the risk of deeper decline remains high, which is crucial for Doge’s price action.
Featured images from DALL-E, charts from TradingView
