Peter Smith
Dogecoin just hit one of those moments that separates winners from losers. The meme coin that made millionaires and broke hearts is now dancing around $0.23, and this level might decide everything.
The Chart That Has Everyone Nervous
Crypto analyst More Crypto Online dropped a chart showing DOGE trapped in what they call the "B-wave danger zone" - and honestly, it's looking sketchy.
Looking at the 1-hour DOGE/USDT chart, the story writes itself. After a decent rally, DOGE is now pulling back in classic corrective fashion. The Fibonacci levels are all over the place - $0.2403, $0.2457, $0.2502, $0.2276, and $0.2097 - but there's really only one number that matters right now: $0.23.
Hold above it, and we might see DOGE push toward $0.26 or even $0.28. Lose it, and things could get ugly fast. The analyst wasn't joking about "full meme mode" - that usually means a one-way ticket down.
Why DOGE Still Matters in 2025
Here's the thing about Dogecoin - it's still the ultimate retail playground. While Bitcoin consolidates and institutions debate, DOGE lives and dies by pure emotion. Market liquidity matters, sure, and Bitcoin's direction sets the overall vibe. But at the end of the day, DOGE runs on hype, social media buzz, and people believing they can strike it rich on a dog coin.
That's both its strength and its weakness. When sentiment turns, it turns hard.
Peter Smith
