After Dogecoin plummeted 55%, is the bull market really about to begin? Sellers’ control has weakened, and the rebound first attacked the resistance of $0.28, aiming directly at the bull market high of $0.48-0.50!

ELON 2025-10-15 08:00 9199人围观 DOGE

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There is no fee to enter the community group, no promotion of exchanges, and no recommended links. The fatigue of Dogecoin sellers indicates a possible reversal.

Why did DOGE collapse?

Dogecoin’s price plummeted amid a broad market correction amid President Trump’s proposal to increase tariffs.

Is this the beginning of a bull market?

Analysts believe that such a crash would trigger a bull trend, which could lead to a DOGE price reversal.

President Donald Trump’s remarks on Truth Social platform causing tensions, leading to Dogecoin [DOGE] Prices plummeted. Trump hinted that he would raise tariffs on China, causing a widespread meltdown in financial markets.

Dogecoin (DOGE) was one of the currencies that fell the most over the past 24 hours. All markets fell simultaneously, with Dogecoin (DOGE) losing approximately $6 billion in market value.

DOGE price plummets!

Looking at the chart, Dogecoin (DOGE) is down more than 55% since this post. The memecoin hit a new low for the year at around $0.09. Previously, Dogecoin had been trading below its yearly highs.

Dogecoin has fallen below the price range it has maintained since mid-February.

At the time of writing, it is settling below $0.20, with the relative strength index (RSI) showing an oversold reading of 34.

If current levels are maintained, Dogecoin may rebound above the $0.28 to $0.30 resistance. After breaking this resistance level, Dogecoin may target the $0.48 to $0.50 range, which is the previous bull market high.

Still, further declines or consolidation are possible during this period. However, as the $11 billion in trading volume on the chart shows, there was heavy buying on this dip.

Sellers still dominate

Spot Taker CVD analysis shows that sellers maintained control in the final days of October.

This suggests further declines are likely in the short term before a reversal occurs. However, they were exhausted.

But this continued sell-off may prompt buyers to trigger their long positions, which are currently trading below current levels.

Is this the beginning of a bull market?

Some analysts believe the market is gearing up for a bull run, like last year. An article published by Cephii on X (formerly Twitter) also expressed a similar view, he wrote：

All $DOGE long positions have been closed. This is how bull markets usually start……

The chart clearly shows that long positions have been wiped out, with DOGE stabilizing around $0.18.

With large order book clusters below $0.20, especially around $0.179, with $7 million in orders and another $6.74 million just below that price, the price could drop slightly below $0.18 before a possible reversal.

Meanwhile, the maximum concentration of the liquidity cluster is located above $0.24. Judging from the current market prospects of Dogecoin, this area is the next and most realistic target. If you have been stumbling around in the currency circle and can't find your direction! In other words, you have been losing money! You can follow me!

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