Dogecoin (DOGE) Price Prediction: Consolidation Below $0.15 Highlights Key Support, Bulls Eye $0.18 Breakout
The post Dogecoin (DOGE) Price Prediction: Consolidation Below $0.15 Highlights Key Support, Bulls Eye $0.18 Breakout appeared on BitcoinEthereumNews.com.
Dogecoin (DOGE) is navigating a critical consolidation phase as prices remain below $0.15, testing long-term support levels while investors assess whether a rebound toward $0.18 is feasible amid ongoing market volatility. This analysis combines technical indicators, historical price structures, and expert commentary to provide a measured perspective on DOGE’s near- and medium-term outlook. DOGE Trades Below Immediate Support After falling beneath the $0.14–$0.15 range, Dogecoin has been trading near $0.138, representing a roughly 3% daily decline. According to CoinMarketCap data, DOGE’s 24-hour trading volume stands at $6.17 billion, with a market capitalization of $20.78 billion and dominance of 0.72%. The recent decline reflects broader cryptocurrency market pressures, including high-volume selling across major assets. Volume currently remains slightly below its 30-day average, suggesting moderation in trading activity compared with prior weeks. A sustained drop below $0.14 could trigger a cascading decline for Dogecoin (DOGE), opening the door toward the $0.07 level. Source: Ali Martinez via X Ali (@ali_charts), a technical analyst specializing in cryptocurrency pattern analysis, noted that “a sustained weekly close below $0.14 could open the path toward the $0.07 macro support.” Analysts highlight that this downside projection assumes continued selling pressure and a failure to hold higher lows on the weekly chart, while oversold RSI levels below 30 could provide conditions for a potential rebound if the $0.07 support holds. Long-Term Symmetrical Triangle Indicates Consolidation On the weekly chart, DOGEUSDT has formed a long-term symmetrical triangle since 2021, defined by declining swing highs and progressively higher lows. Observations include: Price is retesting the triangle’s rising support line, measured from 2021 swing lows. Trading volume has gradually contracted over recent months, consistent with consolidation phases. The structure has maintained higher lows, suggesting ongoing accumulation rather than immediate breakdown. DOGE/USDT is trading within a long-term triangle, testing rising support, with a…
