Dogecoin breaks under the $0.16 mark and is at the moment buying and selling at $0.1582. This marks a bullish failure with an intraday pullback of -0.16% after a 24-hour excessive of $0.16119.
At present, the Dogecoin value evaluation warns of an intense pullback attributable to a sample breakdown within the 4-hour chart. Will this drop Dogecoin costs underneath $0.15? Let’s discover out.
Dogecoin (DOGE) Worth Evaluation
Within the 4-hour value chart, the Dogecoin value motion showcases a bullish comeback to $0.16779. This marks a bullish stand towards the early April downfall, making a backside at $0.13219.
The restoration run from $0.13219 to $0.16779 accounted for almost 27%. Nevertheless, attributable to stagnation within the bullish momentum, the Dogecoin value pattern now marks a possible bearish reversal.
Consolidating between the 38.20% and 50% Fibonacci retracement ranges at $0.1593 and $0.16777, respectively, Dogecoin nears a possible downfall. With a double-top breakdown within the consolidation vary, Dogecoin warns of a pullback to the 23.60% retracement degree at $0.14899.
It will break the $0.15 psychological degree and account for a close to 6% drop. Moreover, it opens the door for a possible steeper correction to the $0.13219.
Moreover, supporting the correction possibilities in Dogecoin, the MACD and sign strains have given a bearish crossover. The typical strains are on the verge of descending into unfavorable territory because the pink histograms intensify.
Moreover, the essential EMA strains within the 4-hour value chart, 50, 100, and 200 EMA are in a bearish alignment. This displays the elevated bearish affect over Dogecoin.
Analyst Stays Optimistic on Dogecoin
Amid the elevated risk of a breakdown of a steeper correction in Dogecoin, Ali Martinez, a crypto analyst, highlights a bullish comeback from crypto whales in Dogecoin.
Whales purchased greater than 800 million #Dogecoin $DOGE within the final 48 hours! pic.twitter.com/swQV3RYevT
— Ali (@ali_charts) April 15, 2025
Based mostly on the information from sentiment, Ali highlights the crypto whales buying greater than 800 million Doge tokens up to now 48 hours. This pumps the whale holdings to 72.18 billion doge, accounting for almost x {dollars}.
Because the crypto whales purchase Dogecoin, the potential of an prolonged restoration in DOGE value will increase. In case the uptrend surpasses the 50% Fibonacci retracement degree, DOGE value may reclaim the 0.20 psychological degree.
