Will Dogecoin (DOGE) Rise from the Slump Soon? (11/3/25)

Jakarta, Pintu News – The latest analysis from a crypto expert suggests that Dogecoin (DOGE), a cryptocurrency popular due to the meme that underpins it, may experience a sharp drop to the $0.12 level before eventually rebounding. Based on the Elliott wave structure outlined in the daily chart, there are indications that this corrective phase could be an opportunity for patient investors.

Technical Analysis Points to Further Decline

Paul, an analyst known by the Twitter account @Zig_ZagTrades, has charted the movement of Dogecoin (DOGE) indicating further downside potential. From the peak reached some time ago, Dogecoin (DOGE) seems to be following a five-sub-wave bearish pattern. This signals that the last phase of this wave may be coming to an end.

Paul pointed out that the “Golden Zone” zone, which is often used by traders to find Fibonacci support, may be the key to determining Dogecoin’s (DOGE) price floor in the near future. Paul also highlighted that Fibonacci retracements at the 61.8% level are around $0.160257 and $0.150508, with deeper retracements at 78.6% near $0.118726 and 100% projections around $0.126709. This area, known as the “Golden Zone”, is expected to be a turning point for Dogecoin (DOGE) to start a rebound.

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Price Prediction and Market Momentum

According to Paul’s analysis, if Dogecoin (DOGE) manages to maintain support in the “Golden Zone”, there is potential for a significant price increase. Since late January, the price of Dogecoin (DOGE) has been consistently below the Ichimoku Cloud, suggesting that bullish momentum has yet to re-establish. The green cloud area on its chart has acted as dynamic resistance, confirming that the market is still in a corrective phase.

However, Paul characterized the upcoming waves from (1) to (5) as an indication that there is an expected up cycle once Dogecoin (DOGE) finds solid support. This suggests that despite the current decline, the long-term outlook for Dogecoin (DOGE) is still positive.

Implications for Investors and Markets

Investors and market watchers should note the $0.16 level as a tipping point. If Dogecoin (DOGE) manages to hold or even break this level, there could be a significant breakout or breakdown. Currently, Dogecoin (DOGE) is trading at $0.17, and its further price movement will largely depend on how it interacts with the critical price zone that Paul has identified.

With this analysis in mind, investors may want to consider a long-term strategy and closely watch the predetermined support areas. The decision to buy or sell should be based on how the price reacts to the outlined technical indicators.

Conclusion

In the often unpredictable world of crypto, analysis like that presented by Paul provides insights that can be invaluable. Although Dogecoin (DOGE) is currently facing pressure, a deep understanding of the market structure and key levels can help in making informed investment decisions.

Also Read: Shiba Inu (SHIB) and the Challenges to a Price Rally in the Cryptocurrency Market (11/3/25)

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Dogecoin Crash: Analyst Predicts Drop to $0.12. Accessed on March 11, 2025
• Featured Image: Generated by AI