Dogecoin (DOGE) plunged 55%, why did it suddenly collapse? Is a bull market coming? Can Dogecoin rebound and break through the resistance of $0.28 to $0.3?

ELON 2025-10-15 05:27 33869人围观 DOGE

Free access to VX group+ without any threshold: KP92877 family members, the recent situation of Dogecoin is so unpredictable! Now those who sell Dogecoin are exhausted, maybe the market of Dogecoin will reverse. Everyone must be curious, why did DOGE sudd

Free entry to VX group + without threshold: KP92877
Family members, the recent situation with Dogecoin is so unpredictable! Now those who sell Dogecoin are exhausted, maybe the market of Dogecoin will reverse.

Everyone must be curious, why did DOGE suddenly collapse? It turned out that Trump proposed to increase tariffs, which turned the market upside down and caused a large-scale adjustment. The price of Dogecoin also "plummeted" and plummeted so miserably.

After this plunge, everyone began to wonder again, is this a bull market coming? It is said that after a crash like this, a bull market trend is often triggered, so it is really possible for the price of Dogecoin to reverse.

Dogecoin has “stealed the show” over the past 24 hours, being one of the currencies that has fallen the most. Moreover, all markets fell together as if they had agreed. The market value of Dogecoin suddenly evaporated by about 6 billion US dollars. I felt sorry for those friends who held the currency for three seconds.

Looking at the price trend again, it is really shocking!

It can be clearly seen from the chart that the price of Dogecoin is like riding a slide, falling directly by more than 55% and hitting the lowest price this year, which is almost $0.09.

In fact, before this, the price of Dogecoin had never reached its annual high. Now it has fallen below the price range it has held since mid-February.

As I write this, the price is holding steady below $0.20, with the Relative Strength Index (RSI) showing an oversold reading of 34.

If Dogecoin can maintain its current level, it may rebound and break through the resistance level of $0.28 to $0.30. Once it successfully breaks through, Dogecoin may rush towards the range of US$0.48 to US$0.50, which was the high point of the previous bull market.

However, during this process, Dogecoin may continue to fall or consolidate there. But if you look at the chart, the trading volume is 11 billion US dollars, which shows that there were quite a lot of people buying during this decline.

Sellers still have the upper hand now. As can be seen from Spot Taker CVD analysis, sellers have been in control of the situation in the last few days of October. This means that Dogecoin may continue to fall in the short term before the market reverses. But then again, those sellers are also very tired.

There are people selling Dogecoin right now, but this continued selling may allow buyers to activate their long positions below the current price. Does this mean a bull market is coming? Just like last year, it feels like the market is preparing for another bull market.

It can be clearly seen from the chart that those long positions are almost gone, and the price of Dogecoin is now hovering steadily around $0.18. There are many large orders below $0.20, especially around $0.179, where there are orders of $7 million, and slightly lower than this price there are orders of $6.74 million. So, the price may drop slightly below $0.18, but then the market may reverse.

At the same time, the highest concentration of Dogecoin liquidity is above $0.24. Judging from the current market situation of Dogecoin, this price area is the most likely target it will reach next. If you don’t understand and still can’t make money, you can join us and make a fortune together. The group will analyze the market in real time, including spot and contract. VX+: KP92877