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Dogecoin is at a critical point, with its price around $ 0.16. Merchants are watching closely, since this support level could be the decisive factor in whether the meme currency takes off or falls more. If history is a guide, maintaining this level could cause a rally, while losing it can generate more pain.
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Dogecoin: key level to see
The support level of $ 0.16 is not just a random number, it has been a crucial zone for Dogecoin. If it remains above this brand, there is a great possibility of a rebound. Past price movements suggest that Dogecoin tends to climb after trying key supports.
Some analysts believe that maintaining this level could lead to a break towards the range of $ 0.20 – $ 0.30 in the short term.
The cryptographic analyst Ali Martínez has weighed, stating that Dogecoin’s price is following an ascending parallel channel. He believes that if the $ 0.16 support is maintained, the meme currency could increase by $ 2.74 or even as high as $ 6.24 in a fort Alcista scenario.
However, a breakdown below this level could invalidate this perspective and send the lowest price.
#DEGOIN $ Dux It is approaching a crucial support level at the lower limit of this channel. Keeping above $ 0.16 could feed a strong rebound! pic.twitter.com/focudbntfz
– Ali (@ali_charts) March 9, 2025
Operators adjust price objectives
The mood on the market is changing. Some operators are establishing their profits between $ 0.70 and $ 0.80, looking for another great movement. Even with recent setbacks, many people still believe that Dogecoin will reach $ 1.
Even if this seems crazy, anyone who remembers the meteoric climb of Dogecoin in 2021 knows that when the impulse accumulates, it may surprise.
Meanwhile, short -term merchants are exercising caution and stops carrying out significant operations until they receive clear signals.
The course of the next few days can determine if Dogecoin continues to tend up or remains in its current range.
History suggests a possible rally
Dogecoin’s past performance shows a pattern of large price changes after trying strong support areas. After getting out of the key key in 2017 and 2021, the currency earned a lot of money.
If things continue as they are, some experts think that Dogecoin could overcome $ 1.75 in his next Toro race.
Even so, it is never easy to know how Crypto will move. External factors, such as how the market, Bitcoin price movement and broader economic trends feel, will also affect the meme currency price route.
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Current price action
Currently selling around $ 0.174, Dogecoin has fell around 7% During the previous day. The bass fell to $ 0.16; The maximum intradia reached $ 0.1878. The market capitalization of the Crypto meme is now almost $ 26.23 billion. The technical indicators suggest a possible rebound, but that depends on whether buyers intervene at this critical level.
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