This Analyst Predicted a Dogecoin Price Crash, But There’s More to the Prediction
Despite maintaining its position as the leading meme coin in the market, Dogecoin has suffered greatly from the market downturn. It failed to reach new highs during the 2024-2025 market period and fell sharply as sales increased. Even now, the bleeding doesn’t seem to have stopped, with crypto analyst MyCryptoParadise warning investors that the latest recovery could be a crash.
Why Dogecoin Pullback May Be Temporary
The analysis focuses on Dogecoin’s recovery and its failure to break above any significant levels. Instead, the crypto analyst explains that the meme coin is actually still respecting the descending resistance line. This failure to fracture indicates that DOGE is still experiencing significant structural weakness.
Another important thing to note is that the price is still holding within the 1-hour supply zone, as well as the order zone and the Fair Value Gap (FVG) zone. This means that the probability of the price of Dogecoin going down is still higher than the possibility of a further recovery.
This also spreads to the volume spread, where there has been a plateau in buying action. This trend, the crypto analyst points out, indicates that there is a possible distribution of DOGE. So, it seems that the big players are using these spikes to sell their products. This means that the recovery won’t last long as the price just throws a lot of losses.
Mapping Out The DOGE Price Weaknesses
In addition to the above points, MyCryptoParadise also reveals an important weakness confirmation that appeared on the Dogecoin chart. This was the fact that the meme coin was still below the above line to initiate the buying climax. In a situation like this, it points to the supply being so strong that the demand cannot be absorbed completely.
If this weakness persists, then recovery may be stopped dead in its tracks. The first downward support will be at $0.09, where buyers will have an opportunity to voice their opinion. However, a break below this level would trigger a move to $0.08030.
Nevertheless, there is still a chance that the bulls can take over, and the analyst says that this is possible only if the price of Dogecoin can break above the resistance of $ 0.10875. To completely erase the bearish situation, this break will have to be done with strong pressure, and that can cause a bullish continuation.
Featured image from Dall.E, chart from TradingView.com
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