Dogecoin Danger: A Dip Under $0.16 Could Trigger A | Crypto News
Dogecoin’s price is back at a essential line. It’s testing the $0.168 space for a second time since mid‑April. A clear break may ship the meme coin spinning decrease. Bulls and bears are watching every tick.
Key Support Under Scrutiny
According to crypto skilled Ali Charts, Dogecoin fell roughly 30% from its mid‑May high. That slide introduced it down to the identical $0.168 mark that held as assist final April.
If costs drop below that stage on a weekly close, there are hardly any bids to gradual the autumn. Below $0.168 lies what merchants call a “gap area,” where previous shopping for exercise was sparse. That may open the door to steeper losses and fast strikes.
Cup And Handle Pattern
Based on experiences, the present chart kinds half of a 4‑yr cup‑and‑deal with setup. The decrease boundary of a symmetrical triangle sits proper where the deal with meets its cup. A clean break above the triangle’s higher trendline would level to a goal close to $0.75.
#Dogecoin $DOGE should maintain above $0.168 to keep away from a 30% price drop! pic.twitter.com/PDhqo7fpcK
— Ali (@ali_charts) June 15, 2025
That projection comes from the 1.618 Fibonacci extension of the cup’s depth. Hitting $0.75 would imply a 350% gain from as we speak’s ranges.
Momentum Indicators Signal Weakness
Momentum readings have misplaced a lot of their shine. After a temporary golden cross in May, the 50‑day shifting average slipped under the 200‑day in early June. The MACD line is widening beneath its signal, hinting at longer‑time period promoting strain.
The RSI sits at 42, under the impartial 50 mark, and drifting decrease. Under 50 on the RSI typically factors to more sellers than consumers. With those readings turning bitter, bulls need a sturdy bounce around $0.168 to keep alive.
ETF Decision Could Swing Sentiment
All eyes now flip to June 15, when US regulators might rule on a spot Dogecoin ETF. Approval would let conventional money circulate in from massive funds.
A thumbs‑down or a delay, on the opposite hand, may spark recent promote‑offs. That choice may make or break the next leg of Dogecoin’s transfer.
According to CoinCodex knowledge, Dogecoin has recorded 13 out of 30 inexperienced days over the previous month, with price swings of about 10.57% on average.
Their forecast pegs DOGE at $ 0.20 by July 18, a 17% rise from present ranges. Market sentiment sits in the impartial zone, and on‑chain indicators aren’t flashing clear buy or promote warnings.
This week’s motion around $0.168 will inform us if Dogecoin can regular itself. Holders and merchants ought to watch quantity, weekly closes, and that looming ETF call. If assist holds, we may even see a rebound.
If it breaks, decrease ranges may come into view fast. Either manner, Dogecoin is at a make‑or‑break second—and everybody shall be listening for the next massive clue.
Featured image from Unsplash, chart from TradingView
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