Dogecoin Price Prediction: DOGE Slides in Extreme Fear Market – Can DOGE Fall Below $0.01?

Market sentiment is putting pressure on more speculative plays, dampening bullish Dogecoin price predictions.

The Fear and Greed Index has fallen into extreme fear for the first time since April, and with it, capital is being withdrawn from tokens closely tied to social sentiment like meme coins.

Dogecoin has not been exempt, bleeding 16% since its early-month peak as the index plummeted from “neutral” sentiment at 43 to its current 12.

However, where DOGE differs from most meme coins is its potential for regulated exposure in U.S. TradFi markets, with Bitwise and Grayscale spot DOGE ETFs in the pipeline.

The 20-day countdown to automatic approval under Section 8(a) of the Securities Act ends Monday. Barring SEC intervention, the doors could soon open for institutional-grade demand.

With this bullish narrative and the fresh capital inflows it could attract, Dogecoin could find the strength it needs to navigate this period of market FUD.

Dogecoin Price Prediction: Can DOGE Fall Below $0.01?

Dogecoin remains under pressure, but the strong confluence of support at $0.1550 could turn its latest bounce into a launchpad move.

This level aligns with the lower boundary of a year-long descending triangle and the 0.5 Fib retracement from DOGE’s previous bull cycle, a common bottom marker in corrections.

A recent double-bottom adds weight to the setup, positioning $0.155 as the base for a breakout attempt, eying a stronger footing with a flip of past $0.20 resistance into support.

Momentum indicators support the move.

The RSI has formed a bearish divergence with a higher low, while lower time frames show lower Dogecoin price lows, suggesting weakening sell pressure. The MACD echoes the shift, narrowing back toward the signal line after a brief death cross.

A clean triangle breakout sets up a measured move of roughly 220% to past highs around $0.50, and a fully realised target of $1 for a potential 540% gain.

Still, a sustained push like this likely requires price action to align more with bullish narratives like ETFs. Without approval, Dogecoin could face a pattern breakdown.

A crash to $0.01 looks unlikely with asset managers betting on the coin, though the 0.382 Fib levels at $0.115 and $0.085 stand out as credible downside supports.

Maxi Doge: Speculators Are Eying This Doge Coin Instead

Doge-branded tokens often carry the strongest social momentum. The last time the market hit extreme fear, Dogecoin bounced back with a 120% gain.

History shows the pattern clearly: Shiba Inu carried the torch from Dogecoin in 2021, then Floki, Bonk, Dogwifhat, and most recently, Neiro.

Every bull run eventually delivers a new parabolic Doge-themed runner.

For 2025, imminent spot DOGE ETFs and the DOGE-1 lunar mission create the perfect social catalyst for a new frontrunner, and speculators are eyeing Maxi Doge ($MAXI) as the next moonshot.

The hype is already translating into numbers. The $MAXI presale has almost $4.1 million, while early backers are earning up to 76% APY through staking rewards.

For those who missed out on Doge waves before, MaxiDoge could represent the next chance to catch a meme coin breakout before it takes off.

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