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Dogecoin May Face An ‘Ugly’ Drop Before The Weekend: Analyst

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In a freshly shared four-hour chart of the DOGE/USDT trading pair on Binance, crypto analyst Carlos Garcia Tapia warns of potential downside for Dogecoin as weekend trading approaches. “If bears break this pattern, it’ll get ugly… especially since the weekend is coming,” Tapia warns.

Dogecoin Price Crash Incoming?

His chart posted via X depicts an ascending wedge formation running into a confluence of resistance between $0.338 and $0.343, as well as a notable support zone in the $0.31 region.

The chart highlights higher lows (marked as “LL” on the chart) forming the lower boundary of an ascending wedge. Meanwhile, overhead resistance (a rectangular zone around $0.338–$0.343) has repeatedly capped upward price movements. This wedge appears to be compressing price action—often a setup for a significant breakout or breakdown.

DOGE price analysis
Dogecoin price analysis, 4-hour chart | Source: X @CAGThe3rd

A horizontal resistance zone around $0.34 stands out. DOGE’s price has attempted multiple short-term moves above this level but failed to secure a confirmed breakout, suggesting sellers are firmly defending that zone.

On the downside, a green box spanning roughly $0.310 marks an area where buying interest has historically picked up. Below that level, the chart references a lower support marker near $0.262, indicating a more substantial potential drop if the wedge pattern breaks down decisively.

The analyst specifically points to the upcoming weekend as a wildcard. Historically, lower trading volumes on Saturdays and Sundays can exacerbate volatility. If Dogecoin fails to hold its rising trend line—currently near $0.328–$0.330—and liquidity thins out, the price could swiftly test the lower support around $0.310, or potentially slide toward the $0.262 zone if the selling momentum accelerates.

While a breakout above $0.343 could invalidate this bearish setup, Tapia’s cautionary note underscores the significance of a potential breakdown from the wedge formation. Weekend price action often diverges from midweek patterns due to reduced participation, meaning a sharp move in either direction could unfold more quickly than usual.

DOGE Needs To Hold $0.31

The daily chart supports Tapia’s thesis. There, Dogecoin (DOGE) finds itself under intensifying downward pressure as price action hugs a persistent downtrend line. After hitting a local high in December, DOGE has retreated below key exponential moving averages (EMAs). The 20-day EMA (currently at approximately $0.3457) and the 50-day EMA (near $0.3473) have both curved lower, signaling waning short-term momentum.

Dogecoin price
DOGE price, 1-day chart | Source: DOGEUSDT on Tradingview.com

A glance at the chart reveals that DOGE is now just slightly above the 0.382 Fibonacci retracement level, calculated around $0.313. This Fib zone has acted as the most crucial support since mid-December, but any decisive daily close beneath it could accelerate selling. Traders are keeping a close eye on the 100-day EMA (around $0.3179), which is sandwiched just above this Fib level.

If the price fails to defend the area between $0.313 and $0.317, then eyes will turn to the 200-day EMA at roughly $0.2613 as a critical long-term support. If this level breaks to the downside as well, the 0.236 Fib at $0.212 could quickly become a reality.

Featured image created with DALL.E, chart from TradingView.com



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Dogecoin Bull Div Plays Out, Analyst Maps Next Price Targets

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Dogecoin’s momentum has shifted dramatically following macroeconomic developments and a series of strong technical signals, according to crypto chartist Kevin (@Kev_Capital_TA). Yesterday, the broader crypto market surged after President Donald Trump announced a 90-day pause on tariffs for 75 countries, while raising China’s tariffs to 125%.

Bullish Momentum For Dogecoin

The news sent Bitcoin above the $80,000 threshold and catapulted several major altcoins, including Dogecoin, higher. “Daily Bullish divergence on Dogecoin starting to play here,” Kevin writes in his latest update, while cautioning that “obviously macro news has most to do with this, but nonetheless the charts were giving us hints ahead of time that the opportunity was not guaranteed but there.”

Dogecoin price analysis
Dogecoin price analysis | Source: X @Kev_Capital_TA

In the hours following the tariff announcement, Dogecoin rallied by approximately 13%, strengthening signs of a bullish divergence Kevin first flagged two days earlier. “Dogecoin came down once again to test the bull market structure ‘lines in the sand’ and somehow even though it cleanly broke through earlier in the day was able to recover and close the daily candle slightly above this support level,” he explained.

Kevin noted the parallel between Dogecoin’s bullish divergence and that of Bitcoin on the daily time frame, suggesting that renewed optimism for DOGE may be tied, in part, to the leading cryptocurrency’s resilience above its own pivotal support.

Kevin’s outlook is rooted in a multi-week assessment of Dogecoin’s technical posture. At the end of March, he pointed to a “weekly demand candle” and the ‘Last line of bull market support.” He emphasized how crucial it remains for Dogecoin to hold above the 0.139 mark. “It will continue to be absolutely vital that Dogecoin hold this level while it resets higher time frame indicators like the 3 Day MACD, Weekly Stoch RSI and 2W Stoch RSI all of which are getting very close to being fully reset,” he said.

DOGE Price Targets

He also described the potential upside for Dogecoin as “phenomenal” relative to the risk of losing that $0.139 threshold for multiple weekly closes. The chart’s Fibonacci retracement and extension levels suggest potential technical targets for Dogecoin that remain relevant for traders seeking directional cues.

These levels begin with the 0.236 at $0.09038, the 0.382 at $0.13827, the 0.5 at $0.19039, the 0.618 at $0.26216, the 0.65 at $0.28529, and the 0.70 at $0.3310. Higher up, the 0.786 reads $0.41339, the 0.88 is $0.54210, the 1.0 level marks $0.73839, and the 1.0866 is $0.93377.

Further on the extension side, the 1.272 stands at $1.54348, and the 1.414 appears at $2.26813. The analyst underscored that “as long as BTC holds these levels and does not lose $70K then I absolutely love this spot on DOGE,” highlighting how the broader market’s trajectory could shape Dogecoin’s path along these technical markers.

Dogecoin price analysis
Dogecoin price targets, technical analysis from March 22 | Source: X @Kev_Capital_TA

However, the coming days will reveal whether Dogecoin can build on the momentum that emerged amid the tariff-related market surge—and whether the well-worn phrase “the trend is your friend” will keep Dogecoin enthusiasts in a bullish mindset.

At press time, DOGE traded at $0.15751.

Dogecoin price
DOGE climbs back above the multi-year trend line (black), 1-day chart | Source: DOGEUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com



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Dogecoin Faces Make-Or-Break Support Level – Will DOGE Hold?

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Dogecoin is now trading at critical levels after enduring several days of sustained selling pressure and failing to break above the $0.18 mark. The popular meme coin is currently down 65% from its multi-year high around $0.48, and sentiment around DOGE remains underwhelming. As price action continues to weaken, investors are growing cautious, and bulls are struggling to regain control.

The broader financial landscape is not helping. Macroeconomic uncertainty, rising geopolitical tensions, and sweeping trade tariffs are shaking global markets, pushing risk-on assets like cryptocurrencies deeper into correction territory. In this environment, volatility and instability are becoming the norm — particularly for highly speculative assets such as meme coins. Dogecoin, known for its price-driven hype cycles, could be especially vulnerable if market conditions continue to deteriorate.

Crypto analyst Ali Martinez shared a technical analysis on X, revealing that Dogecoin is currently testing a key support level. According to Martinez, this level will likely determine the coin’s next big move — either triggering a rebound or opening the door to deeper losses. With sentiment still fragile and volatility high, DOGE’s next steps will be closely watched as it teeters on the edge of further downside.

Dogecoin Trades At Make-Or-Break Level As Bears Dominate

Dogecoin is trading at a critical demand zone after enduring weeks of aggressive selling pressure that has dragged the price below key resistance levels. Among all crypto sectors, meme coins have taken the hardest hit during the recent market correction, and DOGE is no exception. The asset continues to follow a strong bearish trend, and unless bulls can defend the current support, the downtrend could accelerate.

At present, Dogecoin is hovering just above the $0.17 level — a key threshold that may decide whether the coin rebounds or continues to slide. Martinez’s insights highlight the significance of this zone. According to Martinez, Dogecoin is now at a “make-or-break” level, and how it behaves here will shape its short-term and possibly long-term trajectory.

Dogecoin testing critical support level | Source: Ali Martinez on X
Dogecoin testing critical support level | Source: Ali Martinez on X

Martinez pointed out that DOGE has been trading within a long-standing bullish channel, and the $0.17 level sits at the lower boundary of this structure. A decisive hold at this level could act as a launchpad for a significant rally, especially if broader market sentiment improves. Conversely, if DOGE loses this support, the bullish structure would break down — opening the door to deeper losses.

With meme coins underperforming and macro uncertainty still in play, all eyes are on DOGE’s next move. If bulls fail to defend the $0.17 mark, Dogecoin could face another leg lower. However, if this crucial support holds, a powerful rebound may follow, offering a rare window of opportunity for patient investors.

DOGE Trades Below Key Averages As Bulls Defend $0.16 Support

Dogecoin is currently trading at $0.169 after several days of struggling to regain momentum below the 4-hour 200 MA and EMA, both hovering near the $0.18 level. The recent rejection from this technical zone has kept DOGE under pressure, with price action showing signs of continued weakness. Bulls are now in a tight spot, needing to defend current levels to avoid a deeper correction.

DOGE trading below the 4-hour 200 MA and EMA | Source: DOGEUSDT chart on TradingView
DOGE trading below the 4-hour 200 MA and EMA | Source: DOGEUSDT chart on TradingView

To confirm a potential recovery rally, DOGE must not only hold above the $0.169 mark but also break decisively above the $0.205 resistance level. This area has acted as a key barrier in recent weeks, and a breakout would signal a shift in momentum and open the path toward higher levels.

However, the downside risks remain. If DOGE loses the $0.16 support — a level that has held through previous dips — it could quickly fall below the $0.15 mark, deepening the bearish trend. With meme coins underperforming across the board and overall market sentiment still fragile, Dogecoin’s next move will be crucial. A bounce from here could mark the beginning of a recovery phase, but failure to reclaim key technical levels could result in another leg down.

Featured image from Dall-E, chart from TradingView 



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Crypto Trader Says Dogecoin Is at a Critical ‘Make-or-Break’ Level, Updates Outlook on Solana and Avalanche

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Cryptocurrency trader Ali Martinez believes Dogecoin (DOGE) is at a critical level that could determine its price direction over the near term.

Martinez tells his 134,800 followers on the social media platform X that Dogecoin is at a “make-or-break level” of around $0.16.

According to Martinez, Dogecoin could either go up substantially by up to 256% from the support zone if the critical level holds as support or fall precipitously by around 60% if the critical level fails as support.

Based on a chart by the crypto trader, it appears he’s suggesting that Dogecoin is in an ascending channel on the weekly time frame and the make-or-break level is the lower boundary of the pattern.

“If $0.16 holds, a rally to $0.57 could follow. If it fails, a drop to $0.06 becomes likely.”

Source: Ali Martinez/X

Dogecoin is trading at $0.158 at time of writing.

Next up is Solana (SOL). Martinez says the seventh-largest crypto asset by market cap is primed to go lower after breaking down below a descending triangle pattern on the daily time frame. Based on Martinez’s chart, it appears he is suggesting that Solana could plummet to around $60, about 47% from the current level.

Source: Ali Martinez/X

Solana is trading at $114 at time of writing.

Turning to Avalanche (AVAX), Martinez says that the utility token of the layer-one blockchain is primed to break down from the lower boundary of a rectangle pattern that has formed on the daily time frame. According to Martinez, Avalanche could fall by up to 61% from the current level.

Source: Ali Martinez/X

Avalanche is trading at $18 at time of writing.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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