DOGE no longer Barking again
The top meme coin is not in a great place due to the aggravation of the death cross on the market, which is slowly pushing the price deeper.
Basically, with short-term moving averages staying below longer-term averages, the meme asset is unlikely to recover momentarily.
DOGE is trying to balance between two major support and resistance levels, with one at $0.15, which acts as a “last resort” resistance level that should be guarded by bulls at any cost since, otherwise, Dogecoin will fall into a zone where no major long-term support level has originated yet.
Dogecoin experienced a huge fall in February 2025, dropping 55% to $0.18, the lowest since early November. Now, traders wonder if this is a sign of more collapse or a great opportunity to buy.
Market action showed Bitcoin is the primary cause of the turmoil in the broader cryptocurrency market.
Bitcoin recently fell below $80,000, roughly a third from its peak of $109,225 in January 2025.
Analysts closely monitor Bitcoin’s $75,000 mark, because a further decline could hurt alternative currencies like Dogecoin, Global geopolitical worries and a surge in panic selling have also made the market gloomy.
Regular traders are liquidating their DOGE holdings because many investors have gone into fear mode. According to data, the number of active Dogecoin addresses increased during the fall, suggesting that many traders are reducing their holdings and accelerating the decline.
However, it is impossible to overlook the increase in DOGE’s network activity. The fact that there are roughly 200,000 active addresses in a single day indicates that investors are more interested and involved. Historically, notable price movements have frequently been preceded by such spikes in network utilization.
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