DOGE’s Decline: Is it an Investment Opportunity or a Sign to Wait?

Dogecoin Drops to $0.1673: Investment Opportunity or Time to Hold Your Horses?

Dogecoin (DOGE) has slipped to $0.1673 amid a broader sell-off in the cryptocurrency market. The meme-inspired token is down over 1% in the past 24 hours and more than 14% for the month. This decline reflects weakening retail-driven momentum and social media chatter. Despite occasional whale transactions and community support, Dogecoin has struggled to sustain growth. Conversations on platforms like Reddit and X (formerly Twitter) have decreased, indicating a moderation in speculative enthusiasm. Some analysts warn of a potential further price slide.

Dogecoin Weekly RSI Flashes Bullish Signal Towards $1

Dogecoin has experienced volatility recently, starting March with a decline and briefly regaining momentum before falling again. It climbed to $0.20 mid-week but has since dropped to $0.17. Despite the pullback, a weekly RSI signal, which has preceded major rallies, is appearing on the candlestick chart.

Dogecoin (DOGE) Bulls In Trouble—Can They Prevent a Drop Below $0.15?

Dogecoin (DOGE) has started a fresh decline from the $0.1880 zone against the US Dollar. The cryptocurrency failed to clear the $0.200 resistance and dipped below critical support levels such as $0.1880, $0.1820, and $0.1750. It is currently trading below the $0.1750 level and the 100-hourly simple moving average. A key bearish trend line is forming with resistance at $0.170 on the hourly chart. If the price breaks the $0.1620 support zone, further losses could be expected.