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DOGE Poised for Major Rebound Despite Current Downtrend

DOGE Poised for Major Rebound Despite Current Downtrend

Author:
DOGE News
Published:
2025-12-02 18:38:32
29
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[TRADE_PLUGIN]DOGEUSDT,DOGEUSDT[/TRADE_PLUGIN]

Dogecoin (DOGE), the original meme cryptocurrency, finds itself at a critical juncture as 2025 draws to a close. Having significantly underperformed the broader cryptocurrency market throughout the year, with a staggering 57% decline year-to-date, DOGE is currently testing a vital support level around $0.14. This recent 10% drop in the last 24 hours, accompanied by a surge in trading volume, has intensified market scrutiny. The coin's notable failure to participate in the recent 'altseason' rallies that propelled assets like Ethereum (ETH), BNB Coin (BNB), and Solana (SOL) to new highs has left many investors questioning its near-term viability. However, beneath this surface of bearish sentiment and technical weakness, a growing contingent of traders and analysts is beginning to spot the seeds of a potential major reversal. The prevailing narrative suggests that DOGE's extreme underperformance may have created a coiled-spring scenario. The high trading volumes during the sell-off could indicate capitulation—a classic sign of a local bottom where weak hands exit, setting the stage for accumulation by stronger, long-term believers. Furthermore, Dogecoin's enduring brand recognition, massive retail community, and historical propensity for explosive, sentiment-driven rallies cannot be discounted. Key technical analysts are closely watching the $0.14 support zone; a successful defense of this level could provide the foundation for a significant relief rally. Market cycles have repeatedly shown that assets which lag during broad market advances often experience explosive catch-up moves once momentum shifts. With the current date being December 3, 2025, and the broader crypto market showing signs of consolidation after its run, capital may soon rotate into overlooked assets like DOGE. While the short-term chart appears grim, the contrarian bullish case hinges on excessive pessimism, strong historical support, and the unpredictable, community-driven nature of meme coin dynamics. The stage may be set for DOGE to defy its yearly trend and deliver the substantial rally that its dedicated holders have been anticipating.

Dogecoin Price Prediction: Trader Sees Big DOGE Rally Coming – Here’s Why

Dogecoin (DOGE) remains one of this year's worst-performing major cryptocurrencies, plummeting 57% year-to-date. The meme coin notably underperformed during the recent altseason, failing to capitalize on the rallies that propelled ethereum (ETH), BNB Coin (BNB), and Solana (SOL) to new heights.

Currently trading NEAR critical support at $0.14, DOGE has plunged 10% in the past 24 hours amid surging trading volumes. Liquidity has spiked 132% to $1.6 billion, representing 8% of the asset's market capitalization.

Technical analyst Alan Tardigrade identifies a recurring historical pattern in DOGE's monthly chart. The current breakdown mirrors setups preceding major recoveries in 2017 and 2021, where breaches of monthly trendline support ultimately formed bear traps before dramatic rallies. The November candle confirmed the breakdown, setting the stage for a potential December reversal.

Dogecoin Eyes Potential Recovery Amid Cup and Handle Formation

Dogecoin tests critical support at $0.1365, with analysts watching for a potential bounce. The meme cryptocurrency's 8.53% drop over 24 hours reflects failed bullish momentum, yet technical patterns suggest a possible reversal.

A Cup and Handle formation emerges on Doge charts, historically a bullish continuation signal. Market capitalization stands at $20.82 billion despite recent declines, with $2.46 billion in daily trading volume flowing through exchanges.

Crypto analyst BitGuru notes strong support levels may attract buyers. The Relative Strength Index and Moving Average Convergence Divergence indicators currently show seller dominance, but oversold conditions could precipitate short-term recovery.

Dogecoin Defies Market Fear with 2.28% Gain Amid Volatility

Dogecoin (DOGE) climbs 2.28% to $0.1385 despite extreme market fear, as measured by a Fear & Greed Index of 23. Trading volume hits $2.13B with a $21.05B market cap, representing 0.70% of total crypto market share.

Historical volatility remains staggering: a 4,000% surge in 2017 followed by a 74% crash in 2018, yet averaging 650% annual growth. Current models project a 14% rise to $0.1553 by January 2026, echoing its May 2021 peak of $0.7386.

The meme coin’s supply dynamics—152.01B DOGE in circulation—and its 2015 trough of $0.00008547 underscore its manic-depressive price action. Today’s uptick defies the broader crypto winter, suggesting retail traders still play the DOGE cycle.

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