{"id":634231,"date":"2025-03-10T12:56:43","date_gmt":"2025-03-10T12:56:43","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=634231"},"modified":"2025-03-10T12:56:43","modified_gmt":"2025-03-10T12:56:43","slug":"dogecoin-price-prediction-doge-plunges-5-despite-surging-active-addresses-as-traders-flock-to-this-meme-coin-investing-ico-with-time-running-out","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/press-releases\/dogecoin-price-prediction-doge-plunges-5-despite-surging-active-addresses-as-traders-flock-to-this-meme-coin-investing-ico-with-time-running-out","title":{"rendered":"Dogecoin Price Prediction: DOGE Plunges 5% Despite Surging Active Addresses As Traders Flock To This Meme Coin Investing ICO With Time Running Out"},"content":{"rendered":"

The Dogecoin price plunged 5% in the last 24 hours to trade at $0.1743 as of 05:11 a.m. EST on trading volume that jumped 161% to $2.3 billion.<\/span><\/p>\n

This comes despite the token experiencing a 34% surge in active addresses in the last 24 hours to reach 157.19k, according to data from <\/span>IntoTheBlock<\/span><\/a>.<\/span><\/p>\n

Dogecoin Price Analysis Shows A Continued Bearish Trend<\/b><\/h2>\n

Looking at the daily timeframe, the <\/span>DOGE price<\/span><\/a> is currently trading at $0.1743, down 5%. The chart shows that the Dogecoin price has been in a downtrend since hitting a peak near $0.48 in late 2024.<\/span><\/p>\n

A clear descending channel (marked in green) has formed, indicating a prolonged bearish phase.<\/span><\/p>\n

The price of DOGE has recently bounced near a critical support zone, highlighted in yellow. This area, ranging between $0.08 and $0.10, has historically acted as a strong accumulation level. If the price of Dogecoin respects this zone, we may see a potential reversal in the coming weeks.<\/span><\/p>\n

Meanwhile, the 50-day Simple Moving Average (SMA) is currently at $0.2621, acting as a near-term resistance. The 200-day SMA sits at $0.2469, another key resistance level.<\/span><\/p>\n

The Dogecoin price is trading below both SMAs, which confirms the prevailing bearish trend. However, if DOGE reclaims these levels, it could confirm a bullish trend shift.<\/span><\/p>\n

Meanwhile, the Relative Strength Index (RSI) is at 31.91, which is very close to the oversold territory (30 level). Historically, when DOGE’s RSI reaches this level, a price rebound often follows. This suggests a possible bullish reversal if buying pressure increases.<\/span><\/p>\n

\"Dogecoin<\/p>\n

DOGE\/USDT Chart Analysis (Tradingview)<\/span><\/i><\/p>\n

Can the DOGE Price Still Rebound?<\/b><\/h2>\n

According to the Dogecoin price analysis on the 1-day timeframe, DOGE is at a critical turning point. If the support zone around $0.08-$0.10 holds, the price of DOGE could initiate a strong rebound, targeting the $0.26-$0.30 range in the medium term.<\/span><\/p>\n

A breakout from the descending channel and a move above the 200-day SMA ($0.2469) would further validate bullish momentum. In this scenario, DOGE could rally towards $0.40 and potentially retest $0.48 in the longer term, representing a 145% increase from current levels.<\/span><\/p>\n

Popular crypto analyst on X, Ali Martinez<\/a>, supports the upward trajectory, predicting that DOGE could surge to the $2 level in the coming days.<\/span><\/p>\n

\"Dogecoin<\/p>\n

Conversely, if DOGE fails to hold its current support zone, a further drop toward $0.08 or lower before finding new buyers could be possible.<\/span><\/p>\n

As the DOGE price plunges, investors are shifting to a new meme coin called <\/span>Meme Index (MEMEX)<\/span><\/a>.<\/span><\/p>\n

According to 99Bitcoins, a prominent crypto channel on YouTube that boasts over 725K subscribers, MEMEX has the potential to be the next 100x crypto.<\/span><\/p>\n