• The price of Dogecoin (DOGE) has dropped under $0.20 amid rising bearish stress.
• Analysts warn of a attainable slide to the $0.10 degree.
• Dogecoin whales are quietly offloading their holdings.

Dogecoin (DOGE), the web’s favorite meme coin, is as soon as once more below stress because it dips under the vital $0.20 degree, elevating issues amongst merchants concerning the sustainability of its current uptrend.

Regardless of makes an attempt at restoration in current months, Dogecoin has fallen sharply up to now week, shedding over 15% of its worth amid broader market uncertainty and waning investor confidence.

At press time on June 18, Dogecoin was buying and selling between $0.16 and $0.17, having slipped from a short-lived excessive earlier this 12 months, triggering a flurry of bearish predictions and renewed scrutiny from analysts.

Bears have gained the higher hand

Dogecoin’s current price motion has been dominated by bearish sentiment, amplified by geopolitical tensions and a shift in general threat urge for food amongst crypto buyers.

Though meme cash are sometimes risky by nature, the fast downturn has raised questions concerning the energy of DOGE’s long-term assist ranges, particularly because it flirts dangerously with the $0.16–$0.17 vary.

Technical indicators now mirror a market below stress, with the Shifting Common Convergence Divergence (MACD) flashing a promote sign and the token buying and selling under its 50-day shifting common.

Moreover, the emergence of a bearish flag sample on main charts has fueled hypothesis that the coin could revisit lows final seen earlier than the 2024 rally.

Whales are quietly cashing out

Amid the price slide, massive holders of Dogecoin have begun shifting capital into rising alternate options, signalling a strategic exit from what some now contemplate a fading pattern.

Blockchain analytics point out that long-term wallets holding DOGE have diminished their balances by practically 0.88% in simply 24 hours, hinting at rising unease amongst so-called “diamond hands.”

Analysts are divided over what comes subsequent

Whereas the prevailing sentiment could lean bearish, not all specialists agree that Dogecoin is on a path to oblivion simply but.

Standard chartist Javon Marks believes the token remains to be holding a bullish breakout sample, sustaining greater lows that might set the stage for a robust rally.

$DOGE (Dogecoin)’s costs are CONTINUING TO HOLD A BULLISH PATTERN & BREAKOUT and a MASSIVE MOVE TOWARDS $0.6533 can happen in outcome!

As costs proceed to carry Larger Lows, this hints that Dogecoin remains to be in an uptrend and because the breakout holds, this provides a goal the place… https://t.co/yy7NsrbuXi pic.twitter.com/vNyO2ej0ZI

— JAVON⚡️MARKS (@JavonTM1) June 18, 2025

In line with Marks, if this pattern continues, Dogecoin might surge to $0.6533—a degree representing an almost 280% acquire from present costs—and presumably attain $1.25 in an prolonged rally.

In assist of this view, one other dealer referred to as Dealer Tardigrade just lately recognized a falling wedge sample on DOGE’s 4-hour chart, a construction usually related to bullish reversals.

#Dogecoin has shaped a Falling Wedge, pointing onto a swing low assist 🔥
The downward momentum has progressively decreased because it nears the wedge’s apex.$Doge/H4 pic.twitter.com/cYIZLSKnK8

— Dealer Tardigrade (@TATrader_Alan) June 17, 2025

Regardless of this optimism, the overwhelming temper within the broader crypto market stays cautious, with 87% of analysts presently bearish on Dogecoin’s short-term outlook.

Furthermore, Elon Musk’s current feedback denying any authorities adoption of DOGE have deflated among the speculative hope that beforehand buoyed the coin’s price.

Dogecoin price prediction: Is $0.10 now in sight?

Though Dogecoin isn’t but in free fall, the stress on assist ranges is intensifying, prompting many to query whether or not a drop to $0.10 is now a practical situation.

Ought to DOGE fail to carry the $0.16 threshold, analysts warn {that a} fast descent towards $0.14 and presumably even $0.10 might be triggered by algorithmic buying and selling and panic promoting.

Such a transfer would mark a dramatic reversal from the coin’s November 2024 peak of $0.47, additional solidifying fears that the meme coin period could also be shedding its appeal.

Nonetheless, volatility is nothing new for Dogecoin, and previous downturns have sometimes given option to stunning comebacks pushed by viral assist and sudden market swings.

For now, all eyes stay mounted on the charts as merchants brace for what might be a defining second in Dogecoin’s turbulent journey.