Fun

Dogecoin Must Hold This Support Or Risk Crashing To $0.015, Analyst Warns

News Feed - 2025-03-08 12:03:13

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 How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


Dogecoin (DOGE) faces a critical juncture on its long-term price chart, according to prominent crypto analyst Ali Martinez. The widely circulated chart—originally shared via X and then dissected in a YouTube Short—shows DOGE trading within an ascending parallel channel that has guided its price action since 2014. Now, the meme-inspired cryptocurrency sits precariously above a key support zone that, if breached, could set off a severe drop. Dogecoin Crash Incoming?


In the long-standing pattern Martinez highlighted, each time DOGE has bounced off the lower boundary of this ascending channel, it has climbed toward the upper resistance level. Conversely, DOGE has historically retreated back down to the lower boundary when it fails to break above the channel’s ceiling. This cycle has repeated through major swing highs in the 2017–2018 and 2021 periods, among others, underscoring how significant the channel’s lower trendline is for maintaining DOGE’s broader uptrend. Dogecoin price analysis | Source: X @ali_charts


Martinez’s chart also features multiple Fibonacci retracement and extension levels, providing insight into historically significant price points. These important horizontal thresholds are 0.236 Fib (around $0.0068), 0.382 Fib (around $0.0159), 0.5 Fib (around $0.0316), 0.618 Fib (around $0.0625), 0.786 Fib (around $0.1652), 1.272 Fib (around $2.74), and 1.414 Fib (around $6.24). Notably, the area around $0.16–$0.19 converges with the lower boundary of the ascending channel and the higher end of the Fibonacci range near $0.1650. Related Reading Buy Dogecoin Now? Analyst Says This Is the Spot 2 days ago


In his most recent YouTube Short, Martinez warned that a decisive break below the $0.19 support level could open the door for a crash toward $0.015, which aligns with the 0.382 Fib retracement.


“Dogecoin could crash if it loses this level of support Dogecoin has been trading inside an ascending Channel since 2014. Dogecoin has tended to rebound from this Channel’s lower support trend line toward the upward resistance trend line and from this level Dogecoin tends to drop back to the lower support trend line and then it rebounds again repeating the whole cycle. But now Dogecoin is at a critical point if it breaks the $0.19 support level it could trigger a correction to $0.015,” he stated. Related Reading Sell All Your Dogecoin If This Happens, Says Crypto Analyst 1 day ago


A few days earlier, he noted on X that as long as the channel’s lower boundary at $0.16 holds, DOGE maintains a chance to rebound toward the mid-channel or even the upper trend line. “DOGE remains within an ascending parallel channel. As long as the lower boundary at $0.16 holds, a rebound toward the mid-channel at $2.74 or even the upper boundary at $6.24 remains a probability!” Martinez remarked.


However, the bullish outlook hinges on DOGE preserving this vital support zone. Any confirmed drop below $0.16–$0.19 would likely confirm a significant bearish shift, paving the way for the steep corrective phase Martinez describes. Such a scenario would revisit price territory near $0.015, erasing gains Dogecoin has accumulated over several cycles.


At press time, DOGE traded at $0.20. DOGE price rejected at the channel, 1-day chart | Source: DOGEUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com

News Feed

Germany’s Financial Watchdog Warns of ‘Godfather’ Malware Attacks on Crypto Apps
Germany’s Financial Watchdog Warns of ‘Godfather’ Malware Attacks on Crypto Apps The agency overseeing the financial sector in Germany has issued a warning about the ‘Godfa
William Suberg7 hours agoBitcoin risks 15% dip by October, but $100K is due in 2026 — AnalysisBitcoin falling back to $25,000 would mark its “last big dip” before the next BTC price bull run, says Cane Island’s T
Coinbase fires back at senators asking SEC to halt crypto ETF approvals
Tom Mitchelhill5 hours agoCoinbase fires back at senators asking SEC to halt crypto ETF approvalsCoinbase chief legal officer Paul Grewal says there’s direct evidence that Ether’s futures and spot markets are just as
Felix Ng8 hours agoSilvergate CEO to depart amid ongoing liquidation and investor suitsSilvergate is losing CEO Alan Lane and two other top executives as part of an ongoing wind-down of the once crypto-friendly bank.2092
54% of institutional investors in Japan plan to invest in crypto: Survey
Ezra Reguerra10 hours ago54% of institutional investors in Japan plan to invest in crypto: Survey54% of Japanese institutional investors plan to invest in crypto over the next three years, citing portfolio diversificatio
As Leading Cryptos Dip Lower in Value, Elrond, Osmosis, Tron, Cosmos Token Values Climb
As Leading Cryptos Dip Lower in Value, Elrond, Osmosis, Tron, Cosmos Token Values Climb On Sunday, digital currency markets have seen some slight improvements but overall since Sep
Wealth manager Cetera adds spot BTC ETFs to it platform, with training
Derek Andersen7 hours agoWealth manager Cetera adds spot BTC ETFs to it platform, with trainingThe large wealth management firm chose four Bitcoin ETFs for its professionals to offer to their clients.3041 Total views7 To
World’s Largest Asset Manager Blackrock Files for Blockchain Tech ETF
World’s Largest Asset Manager Blackrock Files for Blockchain Tech ETF The New York-based multinational investment management corporation Blackrock has filed an application with t
Bitcoin price wobbles at $61K as US gov sends 4K BTC to Coinbase
William Suberg4 hours agoBitcoin price wobbles at $61K as US gov sends 4K BTC to CoinbaseBitcoin attempts to digest news that the U.S. government has joined Germany in selling off a portion of its BTC holdings.1876 Total
Microstrategy CEO Expects Bitcoin to ‘Go Into the Millions’ Despite Crypto Market Sell-Off
Microstrategy CEO Expects Bitcoin to "Go Into the Millions" Despite Crypto Market Sell-Off Microstrategy’s CEO has predicted that bitcoin is “going to go into the mil
LBank Exchange Will List STEP on January 21, 2022
LBank Exchange Will List STEP on January 21, 2022 press release PRESS RELEASE. INTERNET CITY, DUBAI, Jan. 21, 2022 – LBank Exchange, a global digital asset trading platform,
Indian Government Introduces New Crypto Tax Penalties
Indian Government Introduces New Crypto Tax Penalties The Indian government has introduced new crypto tax penalties, including for non-payment of crypto tax deducted at source (TDS