Dogecoin (DOGE) is poised for an upswing, is it time to buy? Here’s the technical analysis data!

Jakarta, Pintu News – Dogecoin DOGE->Current DOGE PriceRp 0Market Cap-Trading Volume-Circulating Supply- experienced a sharp drop below the $0.1720 zone against the US Dollar. After bottoming out at $0.1650, the meme currency is now trying to recover towards $0.180.

Dogecoin Price Recovery

The Dogecoin (DOGE) price recently experienced a significant drop below the $0.1750 zone, following in the footsteps of Bitcoin BTC->Current BTC PriceRp 0Market Cap-Trading Volume-Circulating Supply- and Ethereum ETH->Current ETH PriceRp 0Market Cap-Trading Volume-Circulating Supply-. DOGE broke support at $0.1720 and $0.1700, even briefly touching below $0.1650. The lowest point was recorded at $0.1646, but now the price is trying to bounce back.

There was a bounce above the $0.1680 level, and the buyers managed to push the price past the 50% Fibonacci retracement level of the decline that occurred from the $0.1791 high to the $0.1646 low. Currently, the Dogecoin (DOGE) price is trading above the $0.1680 level and the 100-hour simple moving average. There is also a bullish trend line formed with support at $0.1680 on the hourly chart of the DOGE/USD pair.

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Key Resistance and Support

The immediate resistance on the upside is near the $0.1755 level or 76.4% Fibonacci retracement level of the move down from $0.1791 to $0.1646. The first major resistance for the buyers might be near the $0.1780 level. The next big resistance is near the $0.1800 level. A close above the $0.1800 resistance could push the price towards $0.1850. Further upside will probably direct the price towards $0.2000, with the next big stop for buyers at $0.2050.

Potential Price Drop

If the price of Dogecoin (DOGE) fails to rise above the $0.1755 level, there could be another drop. Initial support on the downside is near the $0.1720 level. The next major support is near the $0.1680 level. Major support is located at $0.1650. In case of a break below the $0.1650 support, the price could drop further. In that case, the price may drop towards the $0.1620 level or even $0.1550 in the short term.

Conclusion

Dogecoin (DOGE) is showing signs of recovery after its recent decline. With clear support and resistance, investors and traders should pay attention to key levels that could determine the next direction for Dogecoin (DOGE) price.

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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 (DOGE) Price Primed For a Comeback, Can Bulls Push Above $0.18? Accessed on March 25, 2025
• Featured Image: Bitcoin News