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Dogecoin is at a critical point, where it hovers about $ 0.16. Traders closely monitor, because this support level can be the decisive factor in whether the Mimi currency is taking off or collapsing more. If history is any evidence, maintaining this level can provoke a crowd, with losing it may bring more pain.
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Dogecoin: The main level of viewing
The level of support of $ 0.16 is not just a random number – it was a decisive area Dokwin. If you stay above this mark, there is a strong chance of apostasy. Previous price movements indicate that Dogecoin tends to climb after the main support test.
Some analysts believe that retaining this level can lead to a range of 0.20 – 0.30 dollars in the short term.
The encryption analyst, Ali Martinez, has formed it, saying that the price of Dogecoin follows an upward parallel channel. He believes that if $ 0.16 continues to support, the M -currency may rise to $ 2.74 or even higher than 6.24 dollars in strong strength The climbing scenario.
However, the collapse below can nullify this view and send the price lower.
#DogeCoin $ Doge It approaches the level of decisive support in the lower limits of this channel. Hold more than $ 0.16 can feed a strong recovery! pic.twitter.com/focudbntfz
Ali (ali_charts) March 9, 2025
Merchants are the price goals
Market mood turns. Some merchants set their profit goals between $ 0.70 and $ 0.80, looking for another big step. Even with the latest setbacks, many people still think that Dogcoin will reach one dollar.
Even if this looks out of reach, anyone who remembers the climbing of Nizak Dukwain in 2021 knows that when he builds momentum, he may be surprised.
Meanwhile, traders in the short term are cautious and stop making large deals in order to receive clear signs.
The path of the next few days may be determined whether Dogecoin has continued to go up or remain in its current scope.
History hints at a possible gathering
The previous Dogecoin performance shows a pattern of major price fluctuations after testing strong support areas. After moving from the main signs in 2017 and 2021, the currency made a lot of money.
If things continue as they are, some experts believe that Dogecoin can exceed $ 1.75 in the next bull race.
However, it is never easy to know how Crypto moves. External factors, such as what the market feels, bitcoin price, and broader economic trends, will also affect the Meme Coin price track.
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Current price work
It currently sells about $ 0.174, at Dogecoin About 7 % decreased During the previous day. The depression decreased to $ 0.16; Higher arrival during the day is $ 0.1878. The market value of Meme Crypto is now $ 26.23 billion. Technical indicators indicate a possible recovery, but this depends on whether buyers interfere with this critical level.
Distinctive image from Gemini Imagen, the tradingvief chart
