The post Dogecoin price prediction: Bulls defend $0.18 support – Will market trends align? appeared on BitcoinEthereumNews.com.

Dogecoin price prediction model stands at a crossroads. Strong network activity boosts confidence, but volatility threatens support. Can it hold steady or face a pullback? Dogecoin [DOGE] stands at a crucial inflection point. Its 1-day chart is flashing strong signs of accumulation at the $0.18 support level, propelling the memecoin 10.69% higher at press time. Adding to the momentum, the total number of Dogecoin addresses has hit an all-time high of 83.48 million, signaling growing adoption.  With DOGE at a make-or-break level, will this surge lead to a sustained rally, or will volatility trigger another pullback? AMBCrypto investigated Dogecoin price prediction model to find out. DOGE stands at a crossroads : Can bulls sustain the rally? Whale activity plays a major role in Dogecoin’s price action, especially in memecoin rallies. In Q4 last year, three whale wallets holding over 100K DOGE injected billions, pushing DOGE to its post-election peak of $0.48. Now, those same wallets have shifted to aggressive distribution, weakening DOGE’s support structure. However, as DOGE dropped to $0.18, its lowest level in four months, wallets holding 100M–1B DOGE accumulated an additional 1 billion coins. Source: Santiment This redistribution of supply from one group of whales to another could help balance selling pressure, preventing a sharper decline and potentially stabilizing Dogecoin’s price. At the same time, network growth remains strong, with total addresses surging from 73 million to 83.50 million since the election rally.  Notably, 35K new addresses were added during DOGE’s dip to $0.18, signaling fresh market participation. Source: Glassnode Growing adoption alongside renewed whale accumulation suggests a potential recovery, but DOGE must clear key resistance zones to validate bullish momentum and “sustain” an upward trend. Dogecoin price prediction amid a volatile market Despite strong on-chain metrics, Dogecoin’s price prediction remains heavily influenced by broader market conditions.  DOGE’s…

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Filed under: News - @ March 6, 2025 10:27 pm