Price Analysis

Dogecoin Price Analysis: Key Support Level to Watch Post-Bitcoin Halving

Dogecoin Price Analysis: A healthy retracement to 50% FIB level sets the DOGE price for sustainable reversal amid Bitcoin Halving.

Published by

Sahil Mahadik

Updated 18 Jul, 2025 | 10:45:41 AM UTC

Dogecoin Price Analysis: Key Support Level to Watch Post-Bitcoin Halving

Highlights

The Dogecoin price may prolong correction until the descending trendline in the DOGE price is intact.
As per coinmarketcap, the market capitalization of top meme coin stands at $49.5 Billion, projecting a 24-hour surge of 5.72.
The 24-hour trading volume in Dogecoin is $1.47 Billion, indicating a 33.45% loss.

Dogecoin Price Analysis: On Saturday, the cryptocurrency market traded relatively stable despite the successful execution of the fourth bitcoin halving. This consolidation trend for a majority of major coins including Dogecoin continues, reflecting no clear dominance from buyers to sellers. However, the DOGE price holding its ground above the 50% retracement level indicates the broader trend on this asset remains bullish.

Also Read: 6 Expert Picked Crypto To Buy On The Cusp Of 2024 Bitcoin Halving

How 50% Fibonacci Level is Shaping Dogecoin’s Market Strategy

The Dogecoin price has been under an active correction trend for the past three weeks highlighted by a downsloping trendline in the daily chart. The bearish downturn initiated from the $0.228 high tumbled the ADA’s value to a low of $0.13 registering a 43% fall.

However, with the Bitcoin price showcasing sustainability above the $60000 psychological level, the Dogecoin price rebounded above 50% Fibonacci retracement level at $0.143. In theory, this FIB level stands as a crucial support level for buyers to replenish bullish momentum amid major market correction.

The DOGE price has displayed multiple lower-price rejection candles at the $0.143 level for more than a week, signaling that buyers are actively protecting this support. If the anticipated post-halving rally uplifts the altcoin market, the Doge price is well positioned for a bullish reversal.

The renewed recovery from 50% retracement will bolster buyers to rechallenge the overhead resistance trendline. This breakout will signal the continuation of the prevailing rally to propel the DOGE price to $0.22, facing in-between resistance at $0.2.

Technical Indicator

Exponential Moving Average: An analysis of the daily chart shows the 50- and 100-day EMA acts as dynamic resistance and support for the DOGE price currently in consolidation.
Moving Average Convergence Divergence: The MACD (blue line) and the signal line (orange) have undergone a significant bearish crossover, with no indications of an imminent bullish reversal as of yet.

Sahil Mahadik

Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading

Published by

Sahil Mahadik

Updated 18 Jul, 2025 | 10:45:41 AM

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