NewsBTC
Feb 25, 2025
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Analyst Warns Dogecoin Could Drop to $0.06 if it Falls Below $0.19

1 min

Crypto analyst Ali Martinez highlighted a critical support level for Dogecoin (DOGE) at $0.19. If DOGE falls below this threshold, the likelihood of a deeper correction to $0.06 increases.

Key Points

  • DOGE is currently trading around $0.206, just above the key support region.
  • The weekly chart shows DOGE within a long-term ascending channel since early 2014.
  • Fibonacci levels indicate that the 0.786 retracement aligns near $0.1978, close to the crucial $0.19 level.
  • Immediate technical support below $0.19 is limited until approximately $0.13; further down, $0.06 is a significant downside target.
  • Higher Fibonacci extension levels suggest potential future price targets of $4.10, $10.04, and $36.32 if bullish momentum returns.

Investors should monitor the $0.19 level closely, as a breach could lead to increased selling pressure.