The post Dogecoin Price Retests Panic Zone: Why A Crash Below $0.2 Could Be Imminent appeared on BitcoinEthereumNews.com.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto analyst RLinda has warned about an imminent Dogecoin price crash. She highlighted the panic zone at around $0.214 and explained why this zone could spark a wave of massive sell-offs for DOGE.  Dogecoin Price Risks Dropping Below $0.2 As DOGE Retests Panic Zone In a TradingView post, RLinda predicted that the Dogecoin price could drop below $0.2 as it retests the panic zone. She noted that when support is broken, buyers will be liquidated, and sellers may increase sales, which could trigger this bearish momentum for the foremost meme coin.   The crypto analyst revealed that the Dogecoin price is already facing selling pressure. She noted that price enters a correction phase after a rally and storms the panic zone, with a potential breakdown intensifying an uncontrolled decline. In this case, DOGE’s recent rally ended at the $0.2600 zone, after which the meme coin has been correcting since.  This Dogecoin price correction has brought the meme coin to this panic zone, which puts it at risk of a further drop below $0.2. RLinda outlined $0.222 and $0.2307 as the resistance levels and $0.2145 and $0.2135 as the resistance levels to watch out for as DOGE trades around this zone.  Source: RLinda on Tradingview She stated that the main idea is a continuation of the decline and that the trigger is a breakdown of support at $0.2135 and consolidation of the price below this zone. The analyst affirmed that the meme coin would only continue to fall if this plays out.  However, this bearish setup could be invalidated if the Dogecoin price reverses and consolidates above $0.222. A price consolidation above $0.23 would confirm the bullish sentiment, supporting the case for further rallies to the upside.  DOGE To…

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Filed under: News - @ May 19, 2025 4:23 pm