The Dogecoin price has been on a steady downtrend since last year, mirroring the broader crypto market meltdown. Despite a slight recovery in recent weeks, the meme coin’s momentum has not been strong enough to sustain the rally. With Dogecoin trading near $0.10, analysts predict a critical decision point that could trigger a significant price movement. This could potentially push the price above $0.25, a level not seen since the 2017 highs.
Market analyst Erick Crypto has released a new price outlook on the Dogecoin chart, indicating a major decision point. He noted that after months of steady downward pressure, the meme coin has entered a critical phase. The price chart shows a descending trendline and horizontal support around the $0.10 level, suggesting a battleground where buyers and sellers are competing for control.
Erick Crypto predicts that if Dogecoin can maintain the $0.10 level and break above the descending trendline, its price could surge rapidly. A breakout above this level would signal the end of Dogecoin’s prolonged compression, triggering a strong rally toward $0.25. With DOGE trading below $0.1, this represents a significant increase, potentially pushing the price to $0.15.
Supporting his analysis, Erick Crypto noted that the current liquidity is resting below DOGE’s price level on the chart. This creates conditions for a larger move higher, potentially pushing the price above the trendline. He described the meme coin’s setup as a compression followed by expansion, indicating that DOGE’s decline does not reflect inherent weakness but a temporary pause before a renewed bullish wave.
Analyst’s Insight: DOGE Still Lacks Strength
In a separate note, crypto market expert Trader Tardigrade discussed the price action around the descending trendline. He noted that while the price remains below $0.10, the meme coin has not broken above the trendline. However, he offered a more cautious outlook, suggesting that the meme coin could climb sharply toward $0.15 if it breaks above the trendline.
According to him, Dogecoin is currently holding to the trendline around $0.10 but remains weak. He mentioned that the meme coin recently conducted a “back test” above the trendline, which did not confirm a breakout. Trader Tardigrade believes that Dogecoin’s market structure remains bullish despite the lack of strength, indicating a cautious approach.
He explained that before DOGE can confirm a breakout, its price must reflect more buying pressure. Once a breakout occurs, the analyst expects the meme coin to rally toward $0.15, reflecting a potential 50% increase from current levels. He added that traders and investors should monitor rising volume and stronger candles, as these could signal further price increases.
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2026-02-18 03:02