Dogecoin Price Prediction: DOGE Plummets 7% As Experts Say Consider This Viral Solana Layer 2 Presale For 100X Potential

The Dogecoin price has plunged 7% in the last 24 hours to trade at $0.1796  as of 7 a.m. EST on an 11% drop in trading volume to $1.4 billion.

Dogecoin Price Signals Trend Reversal After Extended Downtrend

The Dogecoin price is showing signs of a potential trend reversal after months of decline. It has broken out of a bearish channel and established a strong support base.

In recent months, DOGE has been in a steady downtrend following a double top formation, a bearish pattern that marked the end of its previous rally. Once the price broke below the neckline, it continued to decline, trading within a bearish channel that led to significant losses.

However, recent price movements suggest that selling pressure is easing, as DOGE has found solid support between $0.14 – $0.16. This range has formed a double bottom pattern, a key reversal signal indicating that buyers are re-entering the market, potentially setting the stage for a bullish recovery.

DOGEUSDT Analysis Source: Tradingview

Dogecoin Price Poised For Recovery As Buying Interest Grows

Adding to the bullish outlook, the Relative Strength Index (RSI) has dipped to 45.17, nearing previous oversold conditions around 42.06. This shift in momentum indicates increasing buying interest, potentially setting the stage for further gains.

To sustain its upward trajectory, DOGE must hold above the critical $0.19 – $0.20 zone. If the breakout continues, key resistance levels to watch are $0.22 – $0.25, with a potential upside target of $0.30 – $0.35 in the coming weeks.

However, failure to stay above $0.19 could lead to a retest of lower support levels, with a drop below $0.16 potentially invalidating the bullish setup.

With a breakout from the bearish channel and improving technical indicators, Dogecoin appears to be positioning itself for a strong recovery.

Investors Turn To Solaxy (SOLX) As Presale Heads For $29 Million

As Dogecoin traders face challenges in pushing the price higher, investors are piling into Solaxy (SOLX), the first layer 2 scaling solution on Solana, which has already surpassed $28.3 million in its presale.

Crypto analyst and YouTuber Alessandro De Crypto, who has over 14.7K subscribers, says that SOLX could surge 100x post-launch, making it one of the biggest presales within the Solana ecosystem.

Solaxy aims to address network congestion on Solana, an issue worsened by the rapid growth of SOL-based meme coins.

The project leverages rollups, an advanced scaling technology that bundles thousands of transactions off-chain before submitting them to Solana, significantly reducing network strain, enhancing transaction speeds, and improving efficiency.

Solaxy ( $SOLX)- #Solana Layer 2 #memecoin with high staking rewards.
Raised $10M+ in presale, ongoing until March 31, 2025.
Pros:
Aligns with Solana + memecoin trend.
Public security audit.
Decent SMM performance.https://t.co/xHEqmN9z0h pic.twitter.com/XSZxybjBSg

— Rayford Nelson (@RayfordN97369) March 13, 2025

Beyond easing congestion, Solaxy provides developer-friendly tools, enabling seamless app deployment with an intuitive interface. The project also aims to bridge Ethereum and Solana, promoting cross-chain compatibility and strengthening the Web3 ecosystem.

For investors seeking passive income, Solaxy offers an attractive staking program with a huge 144% annual return. The platform has already recorded over 8 billion tokens staked.

Currently, SOLX is priced at $0.001676 and can be purchased using cryptocurrency or a bank card.

With a price increase coming in less than 2 hours, buy soon to lock in the best deal.

Visit the Solaxy website.

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