After Bitcoin (BTC) and Ethereum (ETH) have registered a price fall of more than 4%, Dogecoin (Doge) has lost his crucial support and is now ready for a huge decrease. On March 10, 2025, the general cryptocurrency market experienced a remarkable decline after the opening bell of the American market.
Doge current price momentum
In the midst of this price decrease, DOGE has fallen more than 6.5%, fallen under the most important level of $ 0.17 and currently trade under $ 0.16. This is the first time in the past three months that Doge has fallen below this crucial level.
Dogecoin (Doge) price action and upcoming levels
According to the technical analysis of experts, Doge Beararish seems because it has not retained the $ 0.17 level. Based on recent price promotion and historical patterns, this breakdown suggests a strong possibility that it could act another 20%and reach the level of $ 0.125 in the coming days.
Dog’s Relative Strength Index (RSI) is currently lower than 26, indicating that it is in a sold -over zone and the strength is missing for a price recovery. In the meantime, the 200 exponential advancing average (EMA) acts far above, which indicates a constant downward trend.
$ 31 million in doge outflow
Despite the Bearish market sentiment and the price action, the MEME Munt has seen a remarkable outflow of trade fairs, according to on-chain Analytics company Coinglass. Data from Spot -Inflow and outflow shows that stock markets have registered an outflow of $ 31 million in doge in the last 24 hours, which indicates potential accumulation.
Such an outflow in a Bearish market suggests potential accumulation, which can create a buying option and can cause a further upward rally.
Credit : coinpedia.org
