Dogecoin (DOGE) Price Prediction: Meme Coin Battles Renewed Selling Pressure

Dogecoin is trading around a key demand zone as the entire crypto market battles renewed selling pressure.

Dogecoin price has found some support at a key demand zone as the crypto market continues to struggle with renewed selling pressure. Among the worst-hit segments in the recent sell-off are meme coins, which have seen sharp pullbacks.

Dogecoin, the original and most recognized meme token, continues to follow a persistent bearish trend—one that may not reverse unless current levels hold firm. Investor sentiment across the space remains largely cautious, with macroeconomic uncertainty dragging prices lower and momentum continuing to weaken.

For Dogecoin, this moment is especially critical, as its price action now hovers just above the lower boundary of a long-term parallel channel, technical insights shared by crypto analyst Ali Martinez.

According to Martinez, a spike in demand from this zone could act as the launchpad for a rally toward the mid or upper range of the channel—potentially offering much-needed relief for DOGE holders.

However, if this support fails to hold and sellers push through, then it could open the door for a deeper correction, perhaps toward the lower ranges of the channel, or even lower if selling pressure persists.

Dogecoin Down 66% As Market Uncertainty Weighs On Sentiment

Dogecoin is currently trading at $0.16, still heavily pressured and down around 66% from its multi-year high near $0.48. Despite some attempts at recovery, the token has seen limited success in bouncing back, and bearish sentiment continues to drag DOGE lower.

The bulls are struggling to find momentum in an increasingly volatile market, where macroeconomic factors aren’t helping. Rising interest rates, geopolitical instability, and trade war tensions have created a high-risk environment across global financial markets.

This turbulence is having an outsized impact on speculative assets, and meme coins like Dogecoin remain among the most vulnerable. The current conditions suggest that heightened volatility may become the new norm for the foreseeable future, increasing the risk of further downside for DOGE unless strong support holds.

As shared by Martinez on X, the $0.15 level is now essential for Dogecoin bulls. According to his analysis, DOGE continues to trade just above the lower boundary of a long-term bullish channel—a structure that has held firm through multiple market cycles.

A spike in demand from this zone could trigger a sharp rally, potentially pushing DOGE toward the mid or upper range of the channel, at around $4 or $7. While this may seem ambitious given current sentiment, the long-term setup remains technically intact—but bulls must step in now to avoid a complete breakdown.

If this support breaks and sellers push through, then it could open the door for a deeper correction, perhaps toward the lower ranges of the channel, or even lower if selling pressure persists.

If this support breaks and sellers push through, then it could open the door for a deeper correction, perhaps toward the lower ranges of the channel, or even lower if selling pressure persists.