The price of Dogecoin risks a collapse if it does not hold this key level | Bitcoinist.com

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The price of Dogecoin (DOGE) is among those that have taken the hardest hits during the recent market downturns, even though Bitcoin (BTC) is still close to its all-time highs.

Currently, DOGE has already fallen below the support of 0.20 $, a clear signal that the bears have returned to dictate the rules.

The situation is getting delicate: the famous "meme coin" is now on a knife's edge. There is a crucial support level on the horizon – if it cannot hold it, the risk of a heavy plunge is very real.

Read also: Best Meme Coins – Guide to the Most Promising Meme Tokens of 2025

Dogecoin remains in a bullish phase, but it must defend key trendlines and supports

According to crypto analyst Lingrid, the price of Dogecoin is in a critical zone, with certain levels that could really make a difference for the future of the meme coin.

Currently, the retracement appears to be following a classic pattern called "ABC", typical of corrective movements in the markets. However, this bearish movement seems to be losing strength. Despite this, the bears have managed to bring the price below $0.20, putting pressure on the sustainability of the bullish structure.

According to analyst Lingrid, despite the recent decline, the price of Dogecoin still maintains a bullish structure. This is because the crypto has marked a "higher low" – a positive signal – right at the support of the ascending channel.

Lingrid emphasizes the importance of the zone between 0.188 and 0.190 $: as long as Dogecoin manages to stay above this area, the positive trend remains intact. Moreover, the technical structure remains solid: the price is still above both the trendline and the support block, two fundamental elements for those looking at the medium to long term.

Source: TradigView.comNow the real challenge is all in the hands of the buyers: if they want to keep the bullish phase alive, they need to regain control over the sellers.

According to the analysis, interesting buying zones have opened between 0.187 and 0.19 $, with the price of Dogecoin sitting right in the middle of this crucial area.

To confirm a real rebound, the bulls (i buyers) should manage to push the price above $0.195 with a bullish confirmation: from there, the target would be to aim straight for $0.215.

But it’s not all roses and sunshine. If Dogecoin were to drop below the ascending minimum, that is, below $0.187, for the analyst it would be a clear sell signal. Furthermore, if the price continues to remain below $0.195 without managing to break out upwards, the consolidation phase could further slow the breakout.

Also watch out for Bitcoin: a drop in the price of BTC could weaken the whole positive scenario built up so far for Dogecoin.

You may also be interested in: Buy Bitcoin anonymously and without documents

Dogecoin continues to show a strong support zone

The crypto analyst Stanley Crypto also confirms that Dogecoin is finding a good level of support, despite the flat trend of the last few hours.

Just as highlighted by Lingrid, Stanley emphasizes the importance of the area between 0.18 and 0.19 $, defining it as the strongest support zone at the moment. This is where the game is being played: the price seems to have stabilized, and many investors are closely watching if this base will hold.

Source: TradigView.comThis means that buyers (the "bulls") must absolutely defend this support level if they want the bullish trend to have a chance of continuing.

Source: DOGE/USDT TradingView.comAs Stanley concludes:

"The current setup suggests a potential upward trend, with progressively higher highs. But if the price breaks down below support, everything could fall apart."

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