Dogecoin's Price Faces Consolidation, Will DOGE Crash?

Dogecoin's price has lost its momentum, struggling to maintain its bullish trend. After failing to sustain its upward trajectory, Dogecoin is now trading within a consolidation range.

Dogecoin (CRYPTO: DOGE) is struggling to maintain its bullish momentum after failing to continue its strong upward trend. Now, instead of making any new highs, DOGE is consolidating within a range as it tests a crucial support level.

Dogecoin Price Faces Consolidation

After a period of strong bullish momentum, Dogecoin’s price has entered a phase of consolidation. Instead of continuing its uptrend, DOGE is now stuck in a range between $0.48 and $“0.37.” This consolidation shows that the buying pressure, which helped DOGE rally to $0.49, is fading and the selling pressure is increasing.

Consolidation is a natural part of market cycles, but it’s also a warning sign that the trend could be changing. Dogecoin’s inability to break above $0.48 and its repeated tests of the $0.37 support suggest that bearish pressure is increasing. If $0.37 breaks, it could signal the start of a larger downtrend.

Here’s why this matters: If Dogecoin’s price remains below the 21-day SMA, it’s likely to continue its downtrend. Now, all eyes are on whether $0.37 can hold as support.

DOGE/USD 4-hours chart - TradingView

What Could Cause Dogecoin's Price to Crash?

Several key factors could push Dogecoin's price even lower. Here’s a look at the most important ones:

1️⃣ Bitcoin’s Impact

Bitcoin is the leader of the crypto market, and when Bitcoin struggles, it affects all other cryptocurrencies. Bitcoin is currently facing a critical resistance at $104,000. If it fails to break this level, analysts predict a potential Bitcoin drop to $100,000 or lower, which would impact the broader market.

Since altcoins like Dogecoin tend to follow Bitcoin’s price movements, a Bitcoin crash could trigger a strong sell-off in Dogecoin. This is especially true for memecoins, which are historically more volatile than larger-cap assets like Ethereum or Cardano.

2️⃣ Altcoin Sell-Offs

In bearish market conditions, altcoins are often hit harder than Bitcoin. Since Dogecoin is a memecoin, it is even more vulnerable to steep declines. During bear markets, investors tend to sell riskier assets first, and memecoins are often the first to go.

3️⃣ Market Sentiment Shift

Market sentiment plays a huge role in Dogecoin’s price movement. Unlike Bitcoin and Ethereum, Dogecoin relies heavily on hype, community support, and news cycles. When sentiment shifts negative, Dogecoin's price tends to drop much faster than other top cryptocurrencies.

Dogecoin Price Prediction before 2025: Will Dogecoin Crash?

Where could Dogecoin's price go next? Analysts have identified several key support and resistance levels to watch, as well as a bearish scenario that could see DOGE fall to $0.35 or lower.

DOGE/USD 4-hours chart - TradingView

Current Dogecoin Price

Price Levels to Watch

Bearish Scenario

Bullish Scenario

Will Dogecoin Drop to $0.35?

The big question is whether Dogecoin's price will fall to $0.35 or lower. If Bitcoin fails to stay above $100K, a broader market correction could trigger further declines in Dogecoin.

Here’s why:

DOGE/USD 45-mins chart - TradingView

Most analysts agree that if Bitcoin crashes below $100K, DOGE will be one of the first altcoins to experience larger declines. For now, all eyes are on the $0.37 support and Bitcoin's ability to reclaim $104K.