An early-hour dip briefly pushed the DOGE price below $0.20 for the first time since the initial post-election meme coin surge, but a rebound has limited the daily loss to 1.49%.
As the bull market has matured, broader economic concerns—such as President Trump’s “tariff war” and tensions among NATO allies—have weighed on former meme coin front-runners.
Dogecoin, down 17.82% this week, has been hit particularly hard. However, with today’s 10% decline in trading volume to $2 billion, bearish pressures may be easing.
DOGE Price Analysis: Is This the End for Meme Coins?
As the market leader, Dogecoin (DOGE) is often regarded as the Bitcoin (BTC) of meme coins, making its price action a key indicator for the broader meme coin market.
Its recent decline appears to have bottomed out at the $0.20 support zone. This aligns with the breakdown target of a previous ascending triangle pattern.
DOGE / USDT 4H chart, double-bottom pattern. Source: TradingView.
Two subsequent retests have positioned DOGE for a potential rebound, forming a double-bottom pattern that targets $0.24850—an 18% gain from current levels.
This comes as indicators lend to short-term bullish momentum.
The Relative Strength Index (RSI) has made a sharp rebound from oversold territory at 41 while the MACD forms a golden cross, surpassing the signal line—both signs of exhausted selling pressure.
However, an approaching retest of the stubborn 20SMA resistance could derail this momentum.
If the pattern fails, the DOGE price could enter a consolidation phase or a deeper decline toward historical support around $0.155—a potential 26% drop.
Dogecoin Might Not See the Best of this Bull Cycle
While meme coins are in a precarious spot, Presales have emerged as a popular strategy to hedge against recent market downturns.
A standout of which is Bitcoin Bull (BTCBULL), turning heads with a fresh way to capitalize on Bitcoin’s (BTC) tailwinds.
True to its name, Bitcoin Bull ties its tokenomics to Bitcoin’s price growth in a deflationary model.
The project burns tokens and distributes BTC airdrops whenever Bitcoin reaches key milestones—starting at $125,000 and triggering new rewards for every $25,000 climb thereafter.
With some analysts forecasting BTC highs of $250,000 this cycle, BTCBULL could become a Bitcoin Maxi’s best friend.
With almost $3 million raised in its initial few weeks, the project is already gaining strong momentum—potentially credited to its 148% APY on staking that rewards early investors.
You can keep up with Bitcoin Bull on X and Telegram, or join the presale on the Bitcoin Bull website.
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