Ichimoku and RSI indicators show no bullish momentum.
\nThe coming days could determine whether DOGE stages a recovery or slides into a deeper correction.
\nDOGE lags behind Bitcoin and Ethereum amid broader altcoin pullback.<\/p>\n
Dogecoin is navigating a volatile phase as its price hovers just above key support levels.<\/p>\n
After hitting a local high near $0.2, DOGE has trended downward, raising fresh doubts about the memecoin\u2019s strength in the current market.<\/p>\n
While leading cryptocurrencies like Bitcoin and Ethereum continue to consolidate, Dogecoin has struggled to maintain momentum.<\/p>\n
The asset risks erasing nearly all gains from the past 30 days unless it can break through critical technical barriers and absorb significant short liquidations, estimated to exceed $500 million.<\/p>\n
The coming days could determine whether DOGE stages a recovery or slides into a deeper correction.<\/p>\n
The Dogecoin price has hovered near a key liquidation zone at $0.165, where leverage from traders has accumulated above $500 million. This threshold is seen as a pivotal point for a potential short squeeze.<\/p>\n\n
Source: CoinMarketCap<\/a><\/p>\n To break higher, the price may need to dip below this level to trigger liquidations, potentially forcing out short positions.<\/p>\n Such a move could clear the way for a stronger rebound and extend the upward trend.<\/p>\n This could allow bulls to target a return to $0.18 and eventually retest $0.2.<\/p>\n Technically, Dogecoin\u2019s outlook remains weak. After failing to stay above its ascending trend line, DOGE has experienced sustained downward pressure.<\/p>\n The Ichimoku cloud\u2019s conversion line is acting as stiff resistance, and there\u2019s no indication yet of a bullish crossover.<\/p>\n Meanwhile, the Stochastic RSI has reversed after testing average levels, underscoring the growing influence of bearish sentiment.<\/p>\n DOGE is expected to test support at $0.162, a level below the $0.164 liquidation zone.<\/p>\n However, failure to hold this support could deepen the drawdown and prompt traders to reassess the memecoin\u2019s long-term viability.<\/p>\n While Dogecoin reached as high as $0.2 earlier this year, the question now is whether it can sustain such levels or rise further in 2025.<\/p>\n For this to happen, the token must establish consistent upward momentum, clear resistance levels, and attract renewed investor interest.<\/p>\n This appears challenging given its current technical weakness and absence of strong bullish signals.<\/p>\n Still, market volatility could favour sharp movements in either direction. If the expected short squeeze plays out after testing $0.162 support, DOGE may rally back towards $0.18 and $0.2.<\/p>\n But unless broader market conditions improve and sentiment shifts decisively, reaching the $0.5 mark in 2025 appears increasingly unlikely based on current data.<\/p>\n The post Dogecoin faces $500 million liquidation test as price eyes $0.2 recovery<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ichimoku and RSI indicators show no bullish momentum. The coming days could determine whether DOGE stages a recovery or slides into a deeper correction. DOGE lags behind Bitcoin and Ethereum amid broader altcoin pullback. Dogecoin is navigating a volatile phase as its price hovers just above key support levels. After hitting a local high near […]<\/p>\n","protected":false},"author":0,"featured_media":3228,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[100],"tags":[],"class_list":{"0":"post-3229","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ethereum"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=3229"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/3228"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=3229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=3229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=3229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Technical signals remain weak<\/h2>\n
$0.2 in 2025?<\/h2>\n