Dogecoin Price Prediction as DOGE Falls to $0.11 – Is the Bull Market Over?

Dogecoin Meme Coins Price Prediction
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Last updated:
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Author
Author
Simon Chandler
About Author

Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

DOGE has dropped by 6% in the past 24 hours, with the Dogecoin price falling to $0.1189 as the crypto market loses 3% today.

Dogecoin has now declined by 11% in the past week and by 28% in the last 30 days, although the popular meme coin – the tenth-biggest crypto in the market – holds onto a 75% in the past year.

Given that it has spent much of the past month falling, DOGE’s technicals indicate that it should rebound strongly in the coming weeks.

And with the market waiting for lifts from Ethereum ETF launches and other sources, now may be a good time to buy the Dogecoin dip.

Dogecoin Price Falls to $0.11 – Is the Bull Market Over?

DOGE has been falling more or less continuously since the start of April, when it reached a 30-month high of $0.223.

This is positive insofar as this continued decline has put DOGE in a heavily oversold position it should bounce back from soon.

Dogecoin price chart.
Source: TradingView

Its relative strength index (purple) has almost dropped to 30, a bottom that usually precedes the return of buyers, if only for a short while.

What’s also significant is that DOGE’s 30-day moving average (orange) has been far below the 200-day (blue) for several weeks now, raising the chances of a recovery.

DOGE’s trading volume has also risen today, from $340 million a day ago to $690 million today.

This signals good interest for Dogecoin at this level, another sign that buyers have just begun returning.

However, some caution is in order, in that the meme token’s resistance (red) and support (green) levels have been declining in parallel for several weeks.

Also, it doesn’t seem like whales have returned in any big way to DOGE just yet, with the latest big activity involving potential sales.

But the coin does seem to have reached a point where it has taken a few too many discounts, with traders overselling it.

It’s likely to rally significantly in the coming days or weeks, with the market gearing up for the launch of Ethereum ETFs next month.

The entry of new demand and volume into Ethereum is likely to extend into a market-wide lift over time, helping the Dogecoin price to rise.

Also helping will be the eventual arrival of rate cuts, with central banks in the US, the UK and elsewhere likely to reduce rates by the beginning of the fall.

Greater optimism should follow such developments, with the Dogecoin price potentially reaching $0.2 by Q4.

Higher Returns with Newer Meme Tokens

Some traders may not have the patience to wait a few months for DOGE to make a big resurgence, so there are several new meme coins and interesting presale tokens looking good right now.

One of these is PlayDoge (PLAY), an ERC-20 token that has raised $5 million in its very popular token offering.

PlayDoge has been attracting so much early investment because it’s offering more than just another meme token.

It will also launch its own play-to-earn game, giving gamers the chance to earn PLAY tokens by looking after and completing missions with their own virtual Shiba Inu pets.

It takes inspiration from the much-loved Tamagotchi handheld games of the late Nineties, with the game featuring nostalgic 8-bit graphics and addictive side-scrolling gameplay.

This is bullish for PLAY, which will serve as the in-game currency for PlayDoge, thereby boosting demand for it.

It will also have a limited supply of 9.4 billion tokens, with holders also able to stake it.

Staking and the supply cap could help push its price up over time, with investors able to buy it cheaply now by going to the PlayDoge official website.

PLAY currently costs $0.00512 per token, yet the coin’s successful sale indicates that it could rise much higher once it lists.

Visit PlayDoge Now

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

More Articles

Press Releases
Crypto AI Agent Market Cap Rises By $139m, MIND of Pepe Token Smashes $6M in Must-Buy ICO
2025-02-13 15:36:14
DeFi News
Bybit CEO Rejects Pi Token Listing Amid Pyramid Scheme Controversy
Hassan Shittu
Hassan Shittu
2025-02-13 15:15:42
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors