Currently, the Dogecoin price mirrors the negative sentiment that has blown through the space, and when writing is exchanging hands at $0.1690.
This fall is due to decreased participation witnessed in declining DOGE OI. Amid the crypto market decline, the memecoin price has fallen below the vital $0.174 level, seemingly turning DOGE crypto bearish in the short term. However, this decline has not shattered Dogecoin bulls’ morale yet, who continue to believe in its potential to advance.
Even experts sound bullish with one claiming 60% projection, while another one predicts ambitiously a 600% rise under bullish conditions.
According to crypto analyst Ali Martinez, who posted a symmetrical triangle chart on X (formerly Twitter) on June 19. Where the price is currently hovering near the lower bound of the structure.
Ali Martinez further highlights that the key range is $0.16 to $0.22, once cleared, with a daily close outside of this area would most likely determine the next major trend trajectory of the future. Traders must wait for confirmation either above the resistance or below the support.
Echoing more ambitious bullish optimism with much bigger targets, in a separate X post, Javon Marks indicates, based on a multi-year chart, it’s already in a bullish trajectory despite recent market setbacks, a clear sign of elevated hopes for this meme.
The structure maintains a bullish structure, suggesting that another leg up could be coming in future sessions ahead, with projected gains of 260% hitting $0.65.
Javon further adds that following the success of the first 260% rise, another extension could elevate Dogecoin price towards $1.25, contributing to a total of nearly 600% gains.
If DOGE price fails to meet experts’ expectations and fails to climb, another decline could push towards the lower border of the falling channel developed in H1 2025.
Initial support on the downside is near the $0.128 level. The next major support is near the $0.0.097 level.
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