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The world’s most famous memecoin, Dogecoin, has recently faced significant selling pressure, losing 17% in the last 7 days and over 33% in the last 30 days. Currently, Dogecoin‘s price has fallen by 4.5% to $0.1255, with a market value of $18.09 billion. Nevertheless, market analysts continue to approach the memecoin with an optimistic outlook, referring to its resilience in previous major corrections.
Past Models Indicate Potential Rise
Crypto analyst Ali Martinez highlights recurring patterns in Dogecoin’s price behavior, suggesting that the current decline is a usual precursor to significant rises.

Martinez emphasized parallels with models from 2017 and 2021, where Dogecoin encountered similar pullbacks before major price surges, exiting descending triangle formations and subsequently initiating massive bull runs of 982% and 12,197%, respectively.
The analyst noted that in 2024, the altcoin has once again emerged from a descending triangle formation, currently undergoing a 47% price correction that mirrors previous market cycles. This similarity, especially with increasing interest from Dogecoin whales, indicates a potential precursor to the next bull run.
What’s Next for Dogecoin?
After falling below $0.150, Dogecoin has aligned with a short-term downward trend similar to Bitcoin and Ethereum, with the price dropping below the critical support level of $0.1350 and pulling back to $0.1201 before leveling off. Although the price has recovered above $0.1250, resistance at $0.130 is hindering further rises.
Currently, DOGE is trading below $0.1420 and the 100 Simple Moving Average (4-hour), facing resistance around $0.130. The next significant hurdle is at $0.1350, and failure to overcome this threshold could lead to renewed downward pressure.
If downward pressure continues, the first support threshold will be around $0.1220 and $0.120. A drop below $0.120 could open the way for further declines to $0.1040.
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,您還可以在COINTURK NEWS 上閱讀此新聞：狗狗幣會從最近的損失中恢復嗎？ 30 天內下跌超過33% 。目前，狗狗幣價格已下跌4.5%至0.1255美元，市值為180.9億美元。儘管如此，市場分析師仍對memecoin 持樂觀態度，指的是它在之前的重大調整中的韌性。顯示當前的下跌通常是重大波動的前兆。分別啟動了982% 和12,197% 的大規模牛市。這種相似性，特別是隨著狗狗幣鯨魚的興趣不斷增加，表明了下一次牛市的潛在前兆。和以太坊類似的短期下降趨勢保持一致，價格跌破 0.1350 美元的關鍵支撐位，並回落至 0.1201 美元，然後趨於平穩。儘管價格已恢復至0.1250美元上方，但0.130美元的阻力阻礙了進一步上漲。下一個重要關卡是0.1350美元，未能突破這一關卡可能會導致新的下行壓力。跌破 0.120 美元可能會為進一步跌至 0.1040 美元開闢道路。