Coinspeaker
Feb 17, 2025
9 0

Dogecoin Price Must Hold $0.25 to Avoid Potential 50% Drop

1 min

Bitcoin is currently priced at $96,300, causing a significant decline in the meme coin market, which has dropped to a capitalization of $70.37 billion. Dogecoin's price decreased by 3% over the past 24 hours.

Key points regarding Dogecoin include:

  • Dogecoin recovers 6.7% last week but faces resistance at the 20-day EMA.
  • Current trading price is $0.2630 with a minor pullback of 1.01%.
  • A death cross between the MVRV ratio and the 200-day EMA signals potential sharp declines; previous occurrences saw drops of 26% and 44%.
  • If prices rise above $0.50, bullish targets could reach between $1.80 and $5.80.
  • There’s a 75% chance of a DOGE ETF approval in 2025, potentially increasing demand.
  • A pullback to $0.2465 is possible, but maintaining above the 200-day EMA could lead to testing the $0.30 mark.

Dogecoin (DOGE) Price Must Hold $0.25: Failure Could Trigger 50% Crash
Dogecoin (DOGE) Price Must Hold $0.25: Failure Could Trigger 50% Crash