Analysts warn Dogecoin could drop to $0.06 if support breaks
Abundance warns of another leg down in Dogecoin. A push in Bitcoin toward $77,500 could flip DOGE higher instead.
Headline
Abundance: DOGE risk to $0.06 remains; BTC at $77,500 may spark upside
- Analyst Abundance says Dogecoin can still drop to $0.06, with $0.03 possible on a deeper breakdown. He bases this on levels and structure shown in his chart on X Abundance on X.
- He notes price has been compressing sideways. Time-cycle lows often precede expansion. If Bitcoin advances toward $77,500, DOGE could break up from current levels source and Bitcoin move context.
- On lower timeframes, he sees a possible bump-and-run setup across altcoins with tight invalidation, offering cleaner risk/reward. He advises keeping an open mind under current conditions chart and notes and market backdrop.
- Higher timeframe view still tilts lower first. The more upside liquidity remains before a downside sweep, the more fuel for a larger bullish expansion later. He is watching May as the next local bottom window for DOGE Abundance on X.
- Ali Martinez flags a demand zone at $0.09–$0.06 where “smart money” typically accumulates. He calls this the coiling phase before parabolic moves in DOGE Martinez on X and accumulation context.
- Martinez has also pointed to historical patterns implying a path above $1 in the next bull run, with a stretch target of $10 based on past cycle gains cycle context.
Price now: DOGE trades near $0.09297, up on the day, per CoinMarketCap CoinMarketCap.
