TL;DR

This week's crypto market crash decimated billions, sending digital assets plummeting. However, DOGE held above a key support level, suggesting a potential triple-digit surge, according to analysts.

Last week's market downturn significantly impacted meme coins, with DOGE particularly affected. Trading above $0.26 before the Bybit hack, Trump's trade war escalation, and the broader market crash, DOGE fell to just over $0.18 – a 30% drop in a week and a 60% decline from its 2025 peak of $0.44.

Significantly, DOGE quickly rebounded above the $0.19 support level. Analysts have repeatedly highlighted this level as crucial for DOGE. A break below could trigger a drop to $0.06, invalidating the bullish narrative. Conversely, a sustained rebound could propel DOGE to $0.5, as noted by Ali Martinez and other analysts on X.

Reaching $0.5 requires a 150% increase, a considerable challenge given the current market sentiment. However, Dogecoin's history demonstrates its capacity for rapid, substantial price increases.

Dogecoin $DOGE holds above a critical support level!

— Ali (@ali_charts) March 1, 2025

The post Good News for Dogecoin (DOGE) Investors: Is $0.5 Still in Play? appeared first on CryptoPotato.