Dogecoin Price Drop: Rebound Soon or More Pain Ahead?

Trump’s EU Tariff Causes Crypto Selloff

Dogecoin is falling with global economic uncertainty caused by former U.S. President Donald Trump’s announcement of a 25% tariff on the European Union.

• “We have made a decision, and we’ll be announcing it very soon. It’ll be 25%”, Trump said in a cabinet meeting, per the Financial Times.

• After the announcement Bitcoin dropped below $84,000 and the crypto market followed.

• Dogecoin fell 6% as traders reacted to the economic concerns.

This trade war fear is causing more selling from big investors which could push Dogecoin back down before stabilizing.

$DOGE taking a hit, dropping to $0.2 with analysts eyeing a possible dip to $0.15. Market looking shaky, meme coin lovers better buckle up. Eyes on $BTC and $ETH for any signs of a turnaround. #Dogecoin #CryptoCrash #Altcoins

— Smelly Rino (@smellyrino) February 26, 2025

Dogecoin Could Be Setting Up for a Bounce

Despite the price drop technicals are saying Dogecoin could reverse.

• TD Sequential on the daily chart has flashed a buy signal which means upcoming upside.* Trader Tardigrade sees a similar pattern to Dogecoin’s 2017-2018 run and DOGE could go to $1.70 if this continues.

• Master Kenobi says Dogecoin is above a key trend line that has acted as support in the past.

• RSI is at its lowest since March 2023 which means selling pressure is fading.

Analysts have identified key levels that will determine Dogecoin’s next move. If Dogecoin holds at $0.20 it could bounce to $0.30998, $0.37154, $0.45918 in the coming weeks.