Dogecoin (DOGE)’s fate in March 2025: Will it soar or plummet? Here’s what analysts say!

Updated

March 11, 2025

Gambar Dogecoin (DOGE)’s fate in March 2025: Will it soar or plummet? Here’s what analysts say!

Jakarta, Pintu News – Dogecoin is currently at a critical point with its price fluctuating around $0.16. This level is very important because it can determine the direction of the next Dogecoin (DOGE) price movement, whether it will experience an increase or even a fall.

Critical Levels that Determine

#Dogecoin $DOGE is nearing a crucial support level at the lower boundary of this channel. Holding above $0.16 could fuel a strong rebound! pic.twitter.com/foCUdbnTFZ
— Ali (@ali_charts) March 9, 2025

The $0.16 support level is not just a number, it has become a crucial zone for Dogecoin (DOGE). If the meme currency manages to hold above this level, there is a high probability of a rebound. Based on previous price movements, Dogecoin (DOGE) is trending upwards after testing key support. Some analysts believe that if Dogecoin (DOGE) can hold this level, there is potential for a breakout towards the $0.20 to $0.30 range in the short term.

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Analysis from Experts

Ali Martinez, a crypto analyst, stated that the Dogecoin (DOGE) price is following an upward parallel channel. According to him, if this $0.16 support holds, Dogecoin (DOGE) could surge up to $2.74 or even reach $6.24 in a strong bullish scenario. However, if the price falls below this level, it could derail the bullish outlook and lead to further price declines.

Market Reaction and Target Price

The market mood is starting to change. Some traders are setting their profit targets between $0.70 and $0.80, expecting another big move. While this sounds far away, anyone who remembers Dogecoin’s (DOGE) meteoric surge in 2021 knows that when momentum builds, the results can be surprising.

Conclusion

Currently, at around $0.174, Dogecoin (DOGE) has dropped about 7% from the previous day. The lowest price touched $0.16 and the intraday high reached $0.1878. The market capitalization of this meme currency is now almost $26.23 billion. Technical indicators point to a possible rebound, but it depends on whether buyers step in at these critical levels.

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.