The post Dogecoin dips 16%, hits $0.16: Where will DOGE go next? appeared on BitcoinEthereumNews.com.

Dogecoin’s $0.16 support is crucial — hold above could signal a rally, drop risks deeper losses. If DOGE breaks $0.16, it may drop to $0.06, but a rebound could spark a rally. Dogecoin [DOGE] is back in the spotlight, but not for the reasons its fans might hope. After a sharp 16% drop this week, the beloved memecoin is teetering on a critical support level. As talks of a potential rally circulate, skeptics are quick to remind everyone of DOGE’s unpredictable nature. Is this just another dip before a moonshot, or a sign of a greater dip to come? Dogecoin: Key levels Dogecoin’s $0.16 support level has emerged as a critical point in its price trajectory, both technically and historically. This level has previously acted as a robust floor during past corrections, providing the foundation for multiple recovery rallies. Holding above $0.16 has often signaled renewed bullish momentum, while breaking below it has typically led to sharp declines. Source: X Crypto analyst Ali Martinez highlights this level as a pivotal “make-or-break” point for DOGE. According to Martinez, if the $0.16 support holds, Dogecoin could stage a comeback, eyeing a potential rally to $0.57. However, if it fails, a deeper drop toward $0.06 could be on the cards. The current consolidation around this key level underscores the uncertainty surrounding DOGE’s next move, making it a focal point for traders assessing potential long or short positions. The make-or-break moment Dogecoin’s price action at the $0.16 support level could set the stage for a major move in either direction. If DOGE manages to bounce from this crucial level, there is potential for a rally toward $0.57. Historically, holding key support zones has triggered multi-week upward trends, especially when accompanied by increased trading volume. In previous instances, breaking past resistance levels around $0.30 and…

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Filed under: News - @ April 3, 2025 10:26 pm