Overview

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This meme-based cryptocurrency has entered a deep bear market, with prices declining for five consecutive days. Currently, DOGE is at its lowest level since November 11, down nearly 45% Dogecoin experienced a significant drop of over 10%, falling from $0.226 to $0.202 amid a surge in trading volume. The cryptocurrency is currently consolidating between $0.202 With the bearish price action and a record low in trading volume, DOGE’s daily active addresses have also fallen significantly since the beginning of March 2025. Santiment recorded a Dogecoin has dropped for five consecutive days, reaching its lowest level since Nov. 11. It has plummeted by almost 45% from its monthly high, entering a deep bear market. Dogecoin’s price is currently consolidating in a symmetrical triangle pattern. Some experts predict DOGE could rise by 16%, reaching between $0.19 and $0.20, if a bullish breakout occurs. Dogecoin price is facing bearish pressure after open interest fell to a 15-week low below $1.9 billion. If Dogecoin successfully defends this support and activity from both spot Dogecoin price is now trading below the $0.3550 level and the 100-hourly simple moving average. There is also a connecting bearish trend line forming with resistance at $0.3550 on the hourly chart of the DOGE/USD pair. Immediate

Dogecoin Price in a Bear Market: How Low Can DOGE Fall?

Is Dogecoin headed for disaster? This meme-based cryptocurrency has entered a deep bear market, with prices declining for five consecutive days. Currently, DOGE is at its lowest level since November 11, down nearly 45%! Investors are understandably concerned. Let's delve into the factors contributing to this downturn and explore how low Dogecoin could potentially fall.

Dogecoin's Recent Price Action and Bearish Trends

Dogecoin experienced a significant drop of over 10%, falling from $0.226 to $0.202 amid a surge in trading volume. The cryptocurrency is currently consolidating between $0.202... but for how long? Santiment recorded a Dogecoin has dropped for five consecutive days, reaching its lowest level since Nov. 11. It has plummeted by almost 45% from its monthly high, entering a deep bear market.

Dogecoin price is now trading below the $0.3550 level and the 100-hourly simple moving average. There is also a connecting bearish trend line forming with resistance at $0.3550 on the hourly chart of the DOGE/USD pair. Immediate bearish pressure is evident, but will it continue?

Analyzing the Factors Driving Dogecoin's Decline

With the bearish price action and a record low in trading volume, DOGE’s daily active addresses have also fallen significantly since the beginning of March 2025. This indicates a decrease in overall network activity and potentially waning interest from users.

Potential Support Levels and Predictions

Dogecoin price is facing bearish pressure after open interest fell to a 15-week low below $1.9 billion. If Dogecoin successfully defends this support and activity from both spot traders and investors increases, a rebound is possible.

Dogecoin’s price is currently consolidating in a symmetrical triangle pattern. Some experts predict DOGE could rise by 16%, reaching between $0.19 and $0.20, if a bullish breakout occurs. However, this scenario hinges on overcoming significant resistance.

Conclusion: Navigating the Dogecoin Bear Market

The current Dogecoin bear market presents challenges for investors. Understanding the factors contributing to the decline, monitoring key support levels, and staying informed about market trends are crucial for making informed decisions. While some analysts predict potential upside, caution and due diligence are advised.

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