NewsBTC
Oct 29, 2025
5 3

Dogecoin Faces Strong Resistance, Potential 10% Price Decline Expected

After a volatile period, Dogecoin is stabilizing around $0.2. However, potential bearish trends may lead to further price drops.

Key Points:

  • Resistance is strong at the $0.21 level, as seen on the 4-Hour chart.
  • The 1-Hour chart indicates a breakdown in a Rising Wedge pattern with bearish divergence, increasing the likelihood of a price decline.
  • The 200EMA acts as dynamic resistance, adding pressure to Dogecoin's bearish trend.

Analyst Insights:

  • Investors are advised to be cautious and consider waiting for potential lower price levels before entering.
  • A possible 10% price decrease could occur if current trends persist, with support likely around $0.18.
  • If Dogecoin breaks above the resistance zone on the 4-Hour chart, it could invalidate the bearish outlook and open the possibility for a bullish move.

Dogecoin price

It's crucial for investors to monitor these developments closely to make informed decisions.