Best Meme Coins with 100x Potential
Home » Altcoins » Dogecoin Price Warning: Analyst Predicts Major Drop if Support Fails

Dogecoin Price Warning: Analyst Predicts Major Drop if Support Fails

02.04.2025 14:06 1 min. read Alexander Stefanov
SHARE: SHARES
Dogecoin Price Warning: Analyst Predicts Major Drop if Support Fails

A prominent crypto analyst, known as Cheds, has issued a warning about Dogecoin's (DOGE) potential decline amid the ongoing market correction.

The strategist believes that DOGE could see a significant drop if it fails to hold a critical support level.

According to Cheds, Dogecoin might face a sharp correction of around 33%, pushing its price down to the $0.11-$0.12 range if it loses stability at $0.16.

He suggests that the current market structure doesn’t offer much optimism for DOGE, indicating that the memecoin could be heading for a lower bottom before finding solid ground.

READ MORE:

Here Are Four Altcoins That Could Collapse Soon, According to a Top Analyst

During a recent strategy discussion, Cheds emphasized that the chart looks unfavorable, highlighting a strong descending supply trend.

He pointed out that there is little reason to feel optimistic about Dogecoin’s performance in the near term, as the chart signals a potential move toward testing lower price levels.

At the time of writing, Dogecoin is trading at $0.172 after a 16% decline in the past 7 days.

Alexander Stefanov
Twitter Linkedin
With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

Telegram

SHARE: SHARES
Popular News
More Altcoins News

This Week in Crypto: Whale Accumulation, Ethereum Signals, and a Sentiment Shake-Up

According to the latest Santiment report, the crypto market is entering a critical phase, with a mix of bullish on-chain signals and cautionary sentiment indicators.

05.07.2025 21:00 3 min. read Kosta Gushterov

Russia’s Rostec to Launch Ruble-Backed Stablecoin on Tron Blockchain

Russian state-owned defense and technology giant Rostec has unveiled plans to launch a ruble-pegged stablecoin and digital payments platform by the end of 2025, marking one of the country’s most significant moves yet toward blockchain-based financial infrastructure.

05.07.2025 20:00 2 min. read Kosta Gushterov

What’s Ahead for Ethereum, According to Former Core Developer

Former Ethereum core developer Eric Conner has outlined a compelling bullish thesis for Ethereum (ETH), pointing to a convergence of on-chain data and institutional flows that could set the stage for a significant price surge.

05.07.2025 19:00 2 min. read Kosta Gushterov

Pepe Price Prediction: One-Month Trend Line Resistance Breakout Could Push PEPE to $0.000015

Pepe (PEPE) has been trending lower in the past few days and has underperformed some of its peers as investors seem to have been increasingly drawn to Solana-based tokens. The launch of the first Solana ETF in the United States along with key paperwork submissions for a Pudgy Penguins (PENGU) ETF has pushed PEPE temporarily […]

04.07.2025 18:41 3 min. read Alejandro Ar
Popular News
No Comments yet!

Your Email address will not be published.