Dogecoin prices, alongside almost the entire cryptocurrency market, fell sharply at the end of the business week amid escalating international tensions. Analysts predict potential further declines.
Current Market Situation for Dogecoin
Dogecoin's price, like nearly the entire cryptocurrency industry, plummeted at the end of the week following attacks from Israel on Iran. Currently, DOGE has regained some ground, but there is a looming threat of a 30% drop if it breaches the key support level established at $0.168.
Analysts' Predictions and Opinions
Analyst Ali Martinez warns that Dogecoin must hold above $0.168 to avoid a 30% fall. According to his analysis, the support lies at the lower boundary of a symmetrical triangle formed since early 2025 when DOGE's price approached $0.4 several times. Another analyst, Andrew Griffiths, also predicts bearish trends, describing consecutive lower highs as 'an evident sign of bearish rejection.'
Possible Scenarios for Dogecoin
If the price situation continues to deteriorate, it could lead to new yearly lows below $0.12. Griffiths' analysis points out a breakdown of a rising wedge, also indicating further price declines. The current resistance level is found between $0.1775 and $0.1780.
The market situation for Dogecoin remains unstable, and analysts predict potential further declines. Investors need to closely monitor market changes and consider expert opinions.
