The price of Dogecoin was around $ 0.23, a key support level, with RSI approaching the overall conditions at 33.32.
Active addresses have significantly decreased from 9.8 Ma 1.32M, indicating reduced network activity.
Dogecoin (Doge) has reached a critical support level, which increases if memory can organize a strong rebound or continue its trajectory down.
After experiencing a strong decrease in recent weeks, Dege is now around the key technical levels that could determine its next movement.
Dogecoin decline and the importance of support levels
Dogecoin has fallen significantly from its peak, with the price that quotes at $ 0.25299 from this article. The 200 -day mobile (MA) average was placed at $ 0.23045, acting as a critical support level for cryptocurrency.
Historically, Dege has recovered from similar levels when market conditions favored a recovery.
However, if this support is not maintained, a deeper correction could be in the cards.
Source: TrainingView
Fibonacci’s backward levels suggest that Dege has already broken below the level of 0.618 ($ 0.39485), a key area that often determines the continuation of trends.
The next important support is about $ 0.23045, coinciding with the 200 -day MA, which could act as a security network for buyers.
Source: TrainingView
RSI and the feeling of the market indicate …
A closer look at the Dege Relative Force Index (RSI) showed that the asset approached the territory, sitting at 33.32. In general, a RSI below 30 indicates that an asset is very overvalued and may be due to a rebound.
However, continuous weakness in the feeling of the market could lead to an additional decrease before any significant recovery takes place.
Active addresses fall, but could you follow a rebound?
Another crucial metric to evaluate are the active directions of Dogecoin, which have seen a substantial decrease in their maximum levels.
The data showed that active addresses have fallen from more than 9.8 million in December to around 1.32 million.
This suggests a decrease in network activity, often correlated with less speculative interest.
Source: Santiment
However, historical trends indicate that significant falls in network activity sometimes precede a recovery, especially if long -term holders begin to accumulate doge at lower prices.
What follows Doge?
To materialize a bullish scenario, Doge needs to keep above $ 0.23045 and recover the 50 -day MA at $ 0.32976 as a support. A rupture above $ 0.36 would be the first sign of a continuous potential of bullish trend.
On the contrary, if Dege loses support at $ 0.23, the next key level to see would be $ 0.20, which served as resistance before the final rally of 2024.
-Reer Dogecoin pricing (Doge) 2025-26
With Dogle at a fundamental situation, merchants must monitor the key technical indicators and network activity to measure the probability of a rebound.
The next few days will be crucial to determine whether Dogecoin can recover impulse, or if expected below.
(Tagstotranslate) Ambcrypto