Dogecoin Just Crashed 20% — But These 3 Hidden Signals Could Spark a Massive Rally!

Jakarta, Pintu News – According to AMB Crypto, Dogecoin has touched a familiar support zone, reigniting investor interest after a sharp market correction.

With prices down around 20% from their recent highs, the current technical structure shows a classic bullish divergence – hinting at a possible price bounce in the near future.

The Calm Before the Storm? DOGE Shows Signs of Potential Reversal

At the time of writing (19/6), Dogecoin (DOGE) is trading at $0.169, a slight decline of 1.45% in the last 24 hours. Interestingly, DOGE’s trading volume has actually fallen by more than 15% during this decline.

Read also: Dogecoin Stalls at $0.17 — Is the Hype Fading? LMACD Signals a ‘Frozen’ Market Ahead!

The decline in volume as the price weakened indicates weak selling pressure and shows that the DOGE’s downward momentum has started to slow down, after having accelerated in the past few days.

Based on technical analysis from the AMBCrypto page, DOGE has now printed six consecutive red candles and has touched an important support level of $0.167.

Historically, this level has often been a point of price reversal. Since April 2025, theecoin has touched this level three times, and each time it has successfully reversed the price direction – a similar condition that analysts are anticipating again today.

Bullish expectations are strengthened by the appearance of a bullish divergence on the daily chart: although the DOGE price is forming a lower low, the Relative Strength Index indicator is forming a higher high – a common signal of a potential upward movement.

This divergence indicates that DOGE could rally again, and has the opportunity to head towards the next resistance level if buying pressure increases again.

Divergence Meets Breakout Opportunity

If Dogecoin (DOGE) is able to hold above the $0.164 support level, then based on recent price movements and historical trends, there is potential for more than 18% upside in the short term – with a price target near $0.20.

However, although the short-term opportunities look promising, DOGE is still below its 200-day exponential moving average (EMA). This suggests that the long-term trend is still likely to be bearish, unless the bulls manage to push the price through and settle above the zone.

Read also: Is Shiba Inu About to Skyrocket 70%? Bullish Rebound Signals Flash as Open Interest Plunges!

Experts’ Bold Predictions: “This chart is crazy!”

Optimism about DOGE is now starting to spread on social media. On platform X (formerly Twitter), a number of bold predictions have emerged from crypto analysts. In one of the latest posts, an expert mentioned:

“Dogecoin is repeating its previous movement pattern… The target is now the $0.60 zone.”

Meanwhile, another analyst shared his opinion:

“DOGE is on the verge of a massive breakout… The charts are absolutely insane.”

These posts attracted widespread attention from crypto enthusiasts and showed the increasing enthusiasm and confidence of experts in the great potential of this memecoin.

DOGE Exits Exchange Worth $31.40 Million – Sign of Accumulation?

On the other hand, long-term investors and holders are starting to show signs of accumulating DOGE, according to data from on-chain analytics firm CoinGlass.

Read also: Bitcoin & Gold ETF Inflows Explode — Is the US and UK About to Join the Iran-Israel War?

Based on Spot Inflow/Outflow data, the last 48 hours saw an outflow of $31.38 million from DOGE exchanges.

These large outflows indicate that many investors may be withdrawing their DOGE from the exchange for long-term storage. This could be a signal of accumulation, which could potentially boost buying pressure and strengthen the upward momentum of prices going forward.

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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. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• AMB Crypto. Dogecoin drops 20% but 3 signals hint at big move for DOGE. Accessed on June 19, 2025