Close Menu
Cryprovideos
    What's Hot

    Bitcoin at Danger of Deeper Pullback as Momentum Stalls, Analyst Says

    June 7, 2025

    Free Giveaway Immediately – Sweepstakes for Holidays on JemLit

    June 7, 2025

    Bitcoin Repeating 2024 Rally? Analysts Eye ‘Actual Breakout’ To $120,000

    June 7, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Markets»Dogecoin Worth Crash Threatens Assist At $0.16, Why Bulls Should Maintain This Stage | Bitcoinist.com
    Dogecoin Worth Crash Threatens Assist At alt=
    Markets

    Dogecoin Worth Crash Threatens Assist At $0.16, Why Bulls Should Maintain This Stage | Bitcoinist.com

    By Crypto EditorJune 7, 2025No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Dogecoin Worth Crash Threatens Assist At $0.16, Why Bulls Should Maintain This Stage | Bitcoinist.com

    Trusted Editorial content material, reviewed by main trade consultants and seasoned editors. Advert Disclosure

    Dogecoin value crashed alongside the crypto market when the Bitcoin value dropped onerous towards $100,000. This was spurred by a really public dispute between US President Donald Trump and billionaire Elon Musk over variations but to be revealed. Because the meme coin’s value tumbled, it broke by means of a number of minor helps, displaying that the bears have taken cost as soon as extra. This places it in a deadly place because it now sits near an essential help degree.

    Why Dogecoin Worth Should Maintain $0.16

    Crypto analyst The Alchemist Dealer has revealed that $0.16 is a very powerful degree for the Dogecoin value proper now. The analyst factors this out in a TradingView publish displaying how the meme coin has been fairing not too long ago, and the way it had moved by means of numerous essential ranges.

    The primary degree that the Dogecoin value had crossed earlier within the week was the 200-day shifting common (MA). This 200-day shifting common was the dynamic help for the altcoin, and shifting above it was a part of the rationale that the meme coin’s value had seen a small restoration initially of the week.

    At this level, there was a serious accumulation occurring because the altcoin gave the impression to be on a reduction after a market drawdown. Along with this, market sentiment surrounding the Dogecoin value had moved into constructive territory, displaying that patrons have been returning to the desk.

    Nonetheless, this didn’t final lengthy as a result of the Bitcoin value crash on Thursday shook the market, and Dogecoin noticed its value plummet by one other 10% in lower than sooner or later. This introduced it under the $0.18 help, thereby pushing it towards a decrease help degree. The $0.17 help had held on, however with weak help at this degree, the subsequent main help degree falls additional downward.

    Dogecoin price
    Supply: TradingView

    The crypto analyst highlighted that the essential degree now to look at is definitely the $0.16 help. He explains that that is really essential for a bullish continuation, and a failure to carry might trigger a value crash. Nonetheless, if the bulls are in a position to efficiently keep this help, then the likelihood of an uptrend will increase with the upper lows that the market has seen, and it might rally again to $0.48.

    Different bullish technicals which have appeared for the Dogecoin value are the truth that it had beforehand damaged above a short-term descending trendline. Such breakouts are often bullish for a crypto asset, if all issues stay equal, save for extenuating circumstances like a Trump-Musk feud tanking the market.

    “This breakout, coupled with sustained power above the 200-week MA, could set the stage for a major transfer to the upside,” the crypto analyst wrote. He additional added that: “The final word technical goal stays the all-time excessive zone close to $0.48, which represents a possible 194% achieve from present ranges.”

    Dogecoin price chart from TradingView.com
    DOGE bulls push above $0.18 once more | Supply: DOGEUSDT on TradingView.com

    Featured picture from Dall.E, chart from TradingView.com

    Dogecoin Worth Crash Threatens Assist At $0.16, Why Bulls Should Maintain This Stage | Bitcoinist.com

    Editorial Course of for bitcoinist is centered on delivering completely researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent assessment by our group of high expertise consultants and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Free Giveaway Immediately – Sweepstakes for Holidays on JemLit

    June 7, 2025

    Bittensor Surges Previous 118 Subnets Amid $1,000 TAO Worth Speculations

    June 7, 2025

    Abraxas Capital Shorts the Dip as SUI Teeters on the Edge – BlockNews

    June 7, 2025

    Digital pockets: why do shoppers use extra monetary apps?

    June 7, 2025
    Latest Posts

    Bitcoin at Danger of Deeper Pullback as Momentum Stalls, Analyst Says

    June 7, 2025

    Bitcoin Repeating 2024 Rally? Analysts Eye ‘Actual Breakout’ To $120,000

    June 7, 2025

    Extensively Adopted Analyst Outlines Bullish Path for Bitcoin, Says BTC Will Battle Gold and ‘By no means Look Again’ – The Day by day Hodl

    June 7, 2025

    Crypto Suffers $1 Billion Flush As Musk-Trump Feud Shakes Bitcoin

    June 7, 2025

    Bitcoin MVRV Ratio Kinds Bear Cross—Brace For Affect?

    June 7, 2025

    Public Keys: Gemini Twinning Circle, Technique's 'Most popular' Bitcoin Play – Decrypt

    June 7, 2025

    Bitcoin ATM Operator CoinFlip Targets $1B Sale as Market Shifts

    June 7, 2025

    Bitcoin Recovers From $100K Dip Whereas On-Chain Knowledge Exhibits Rising Miner Exercise

    June 7, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Crypto Replace | Europe's First Spot Bitcoin ETF Opens in Holland

    February 11, 2025

    HTX Trade: the efficiency in Q1 2025 with +210% in crypto deposits

    April 15, 2025

    SEC Drops Investigation Into Immutable, Marking a Win for Web3 Gaming

    March 26, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.