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 Dogecoin price is facing downward pressure after finding resistance at $0.18 and could drop to $0.15 and $0.13 levels due to declining open interest and strong selling momentum on the daily chart.
Dogecoin Price Prediction Shows Bearish Signal After Drop to $0.18； The price is expected to drop to $0.15-0.13. What is the near-term price prediction for Dogecoin?Dogecoin price The downward trend emerged after finding resistance at $0.18, indicating continued seller dominance on the daily chart. Declines in indicators such as open interest and balance-of-volume (OBV) also reinforce this downtrend, with potential price targets at $0.15 or even lower as low as $0.13. A sustained move above $0.209 could overturn this expectation and signal a price reversal. Why Dogecoin’s Technical Indicators Show a Bearish Structure?Dogecoin’s daily chart shows a clear descending structure characterized by lower price highs and lower lows, and this downward trend continues despite a brief surge in social interaction. According to TradingView data, the Balance of Volume indicator (OBV) continues to move lower, reflecting the recent weakening of buying pressure and increased selling activity. This is also confirmed by the Money Flow Index (MFI), which is currently in oversold territory but has yet to show signs of reversal, indicating that sellers are still in control. Dogecoin backtested around $0.18 over the past week but failed to break out, with previous support at this level now turning into resistance. Historical data shows that such pullbacks often herald deeper adjustments. According to data from CoinMarketCap, the overall Dogecoin market has fallen by 31% in the past month. Analysis on lower time frames shows that Dogecoin continues to face liquidation risks, further exacerbating the downward trend. Cryptocurrency technical analysis experts, such as those mentioned in market reports from platforms such as CoinGlass, stressed that Dogecoin prices could fall further without a surge in volume to break this structure. The combination of these indicators provides a structured perspective for traders monitoring short-term trends. FAQIs there evidence that market sentiment has turned bullish for Dogecoin?There is currently no conclusive evidence that Dogecoin prices will trend upward. While Elon Musk’s recent posts on the X platform sparked a brief social media buzz and led to a small price rebound, the buzz was short-lived and failed to offset the overall downward trend shown by price action and derivatives data. What should Dogecoin traders expect in the coming trading days?Dogecoin traders should note that the resistance zone of $0.18-$0.19 will continue to be under pressure. If it falls back, the next support level may be $0.15 and $0.13. Keep a close eye on open interest and volume, as selling pressure will intensify once these indicators fall below. The resistance at key support levels highlights the bearish outlook for Dogecoin. Recent market dynamics have confirmed the bearish predictions for the price of Dogecoin, with the asset indeed approaching $0.15, in line with last week’s predictions. As of press time, the one-day chart shows that Dogecoin has encountered significant resistance near $0.18, indicating that bears are still dominant and that no positive catalysts have yet emerged. Once a reliable support level, this price level has now become an insurmountable obstacle, and the weakness in the entire memecoin sector has exacerbated the situation. Open interest in Dogecoin futures fell by 3.66% in the past 24 hours, coinciding with the 2.67% price decline, indicating weakening trader confidence and increasing short-term bearish sentiment. Data from CoinMarketCap shows that the entire memecoin market, including Dogecoin, has lost 31% of its market value in the past month, highlighting systemic stress rather than isolated incidents. From a technical perspective, the daily chart shows a strong bearish structure, with the OBV indicator also showing a continued downward trend, reflecting reduced capital accumulation. Similarly, the MFI indicator shows that sellers are dominant and fund flows are biased towards distribution. Together, these indicators suggest that the current situation is favorable for the downside and if momentum builds, the price could fall back to $0.15 and test further towards the $0.13 support area. However, traders should note that if the price is able to effectively break above $0.209, it could break this bearish trend and potentially shift market sentiment towards a rebound. This analysis draws on technical frameworks commonly used in cryptocurrency trading to provide a data-driven perspective on Dogecoin’s future trends. Liquidity data suggests a final opportunity for a short squeeze may be emerging. Analysis of the two-week liquidation heat map shows that liquidity is concentrated around $0.19 and $0.204, areas prone to short liquidations that could trigger a brief upward squeeze before a sustained decline. Data from CoinGlass shows that these areas are hotspots of potential volatility, and over-leveraged positions could push prices higher. For Dogecoin price watchers, this means that the price could rebound to these levels, but this should be seen as an opportunity for sellers rather than a sign of a trend reversal. What needs to be focused on is the one-day OBV indicator ； Bullish divergence or a crossing of the zero line by the OBV indicator could signal an uptrend, especially if the price breaks above $0.209. In the absence of such signals, the current bearish structure dominates and the risk of a downside move to $0.13 outweighs the upside potential. This liquidity-based analysis is consistent with broader derivatives market behavior, where falling open interest often signals a sharper pullback for assets like Dogecoin. Traders are advised to be cautious about any short-term rallies and take advantage of these bounce opportunities to position for expected downside targets. Taken together, these factors suggest that Dogecoin should move with caution in the current market environment. Summary of key points
in conclusionAll in all, Dogecoin price predictions are bearish, with resistance at $0.18 and declining open interest highlighting continued downward pressure in the sector. Technical indicators such as OBV and MFI also reinforced this trend, with support at $0.15 and $0.13 respectively, while liquidity data showed limited upside. As market dynamics evolve, it will be crucial to keep an eye on a breakout above $0.209 – in the volatile cryptocurrency market, use the above analysis to make informed trading decisions. Brothers, if you feel desperate or confused in the current currency circle, I hope this article of mine can help you! The bull market is still here, and now is the golden period for planning. Scan the QR code below to follow our footsteps and seize the wealth code together, welcome the upcoming bull market, and realize our dream of wealth and freedom together! Group content: 1. Seize the opportunity to build a position in the next three months, lead everyone to transcend social strata, and gain the opportunity to gain wealth! 2. Share the short-term band opportunities and long-term investment strategies of altcoin spot to help you make steady profits! Welcome to chat with me privately → WeChat: sui3786, backup: 3073259620, scan the code below!  |
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