A sharp breakdown below Dogecoin’s long-term support trendline is stirring debate over the next major move, with Dogecoin price prediction searches surging across the space.
Having reached the 1 Fib retracement level at $0.13, meme coin DOGE now sits at a crucial juncture where a bounce or deeper collapse could define the coming months.
DOGE / USDT 1-day chart, Fibbonnaci levels. Source: TradingView.A decisive close beneath $0.13 would expose Dogecoin to the deeper 1.618 Fib extension around $0.02, an 85% drop from current prices.
But it could also mark the start of the next bull run, acting as the launchpad to a deceptively bullish setup noted by popular pseudonymous X analyst Trader Tartigrade.
The latest monthly candle closed below a year-long ascending trendline, a move that has historically preceded a “massive DOGE season,” not a crash.
Dogecoin Price Prediction: How High Could DOGE Go?
The $0.13 level also aligns with the lower boundary of a year-long descending triangle, creating a potential breakout setup.
A recent double-bottom reinforces the pattern, positioning $0.13 as the base for a move to reclaim the 0.618 Fib level at $0.19 and establish a firmer higher footing.
DOGE / USDT 1-day chart, descending triangle pattern. Source: TradingView.Momentum indicators now support the idea. The RSI shows a clear bullish divergence against recent price action, hinting at underlying strength.
The looming MACD death cross may prove short-lived if bullish pressure returns.
A clean breakout from the triangle sets up a roughly 220% measured move toward previous highs near $0.50, with a full pattern target of $1, a potential 530% rally.
Though such a move likely hinges on supportive market conditions, such as a U.S. interest rate ease in December to stimulate demand for riskier plays like meme coins.
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Visit the Official PepeNode Website HereThe post Dogecoin Price Prediction: DOGE Tumbles Toward Total Collapse – But is This the Best Buying Opportunity? appeared first on Cryptonews.
