Dogecoin’s Dead-Cat Bounce Crashes—Again. Who’s Left Holding the Bag?
Another pump, another dump. Dogecoin’s latest ’rally’ lasted roughly as long as a TikTok trend—now traders face the familiar question: Is this the bottom or just another pit stop on the way to zero?
Volatility as a feature, not a bug: DOGE’s 24-hour swings now rival legacy casino stocks, yet somehow still attract ’buy the dip’ memes from retail gamblers. Meanwhile, hedge funds quietly short it on institutional platforms.
The cynical take: When your strongest use case is tipping streamers, you’re not an asset—you’re a behavioral finance experiment wrapped in a Shiba Inu meme.
- Even after rebounding from its low, Dogecoin did not hold above $0.15 because of substantial resistance.
- Activity in the Dogecoin market points to a neutral to bearish trend because of the feeble interest from buyers.
- Dogecoin breaking above $0.15 or dropping below $0.13 will influence its future trend.
TradingView data shows that Dogecoin (DOGE) recently tried to come back up, which attracted the interest of some traders. Nevertheless, the positive changes did not last long since the coin’s price dropped again after that.
With this retracement, people are once more discussing where the leading memecoin is heading and whether it will rise once more or point towards more significant losses to follow.
Sellers Refuse to Support Dogecoin’s Rise to $0.15
In the past few days, dogecoin was seen trying to rise above its previous gains which happened after it touched $0.13. For a number of traders, the rally was a good sign for the cryptocurrency, particularly as it occurred after the broader market sentiment improved.
Source: TradingView
Before long, Doge price shot up as high as $0.15, but buyers backed down, bringing the price down below $0.14 again. Technically, an important rejection took place at the $0.15 level.
Since that price mark acted as resistance a few weeks ago, it’s clear that bulls don’t have the push they need to move past it. Another factor mentioned by traders is that the 50-day moving average is at its highest NEAR that number, giving even more indication about potential short-term trends.
Dogecoin Could Head Down If it does not regain $0.15
Dogecoin’s price is currently slightly above $0.138, and the trend is showing no real direction. RSI is hovering in the center, meaning there is not excessive buying or selling activity occurring now.
However, unless Doge exceeds $0.145–$0.15 with large transactions, the trend could still head down. If Dogecoin fails to hold above $0.13, it could open the door for the coin to drop towards $0.12.
However, if it breaks the $0.15 barrier, the memecoin could test the next barrier at $0.16 again.
This recent drop in price may have lessened the excitement, but there’s a chance for the altcoin to rebound from its ongoing decline.
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