Reason to trust
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Dogecoinโs price is back at a crucial line. Itโs testing the $0.168 area for a second time since midโApril. A clear break could send the meme coin spinning lower. Bulls and bears are watching every tick.
Related Reading
Key Support Under Scrutiny
According to crypto expert Ali Charts, Dogecoin fell roughly 30% from its midโMay high. That slide brought it down to the same $0.168 mark that held as support last April.
If prices drop below that level on a weekly close, there are hardly any bids to slow the fall. Below $0.168 lies what traders call a โgap area,โ where past buying activity was sparse. That could open the door to steeper losses and fast moves.
Cup And Handle Pattern
Based on reports, the current chart forms part of a fourโyear cupโandโhandle setup. The lower boundary of a symmetrical triangle sits right where the handle meets its cup. A clean break above the triangleโs upper trendline would point to a target near $0.75.
#Dogecoin $DOGE must hold above $0.168 to avoid a 30% price drop! pic.twitter.com/PDhqo7fpcK
โ Ali (@ali_charts) June 15, 2025
That projection comes from the 1.618 Fibonacci extension of the cupโs depth. Hitting $0.75 would mean a 350% gain from todayโs levels.
Momentum Indicators Signal Weakness
Momentum readings have lost much of their shine. After a brief golden cross in May, the 50โday moving average slipped under the 200โday in early June. The MACD line is widening beneath its signal, hinting at longerโterm selling pressure.
The RSI sits at 42, under the neutral 50 mark, and drifting lower. Under 50 on the RSI often points to more sellers than buyers. With those readings turning sour, bulls need a strong bounce around $0.168 to stay alive.
ETF Decision Could Swing Sentiment
All eyes now turn to Juneโฏ15, when US regulators may rule on a spot Dogecoin ETF. Approval would let traditional money flow in from big funds.
A thumbsโdown or a delay, on the other hand, could spark fresh sellโoffs. That decision could make or break the next leg of Dogecoinโs move.
Related Reading
According to CoinCodex data, Dogecoin has recorded 13 out of 30 green days over the past month, with price swings of about 10.57% on average.
Their forecast pegs DOGE at $โฏ0.20 by Julyโฏ18, a 17% rise from current levels. Market sentiment sits in the neutral zone, and onโchain signals arenโt flashing clear buy or sell warnings.
This weekโs action around $0.168 will tell us if Dogecoin can steady itself. Holders and traders should watch volume, weekly closes, and that looming ETF call. If support holds, we may see a rebound.
If it breaks, lower levels could come into view fast. Either way, Dogecoin is at a makeโorโbreak momentโand everyone will be listening for the next big clue.
Featured image from Unsplash, chart from TradingView
