Is $0.5 Nonetheless in Play?

TL;DR

• The crypto market crash this week worn out billions of {dollars} as each digital asset plunged exhausting. Nevertheless, DOGE managed to stay north of a key help line on the day by day scale.
• This implies an upcoming rally, in line with analysts, and a possible surge by triple digits.

The bloodbath that came about throughout the previous week was nothing in need of mindblowing, and meme cash had been hit the toughest. Recall that DOGE stood above $0.26 final Friday earlier than the Bybit hack, Trump’s escalating commerce conflict, and the general market crash began to push it south exhausting.

The end result got here every week later as the biggest and oldest meme coin plunged to simply over $0.18. This represented a 30% hunch throughout the span of every week. Furthermore, DOGE had dumped by 60% for the reason that 2025 peak of $0.44.

Nevertheless, the asset didn’t spend a lot time under $0.19 and really managed to reclaim it inside hours. That is of specific significance because the $0.19 help line has been described a number of occasions as essential for DOGE.

If damaged, it may lead to a worth drop to $0.06, which might primarily invalidate your complete bull market narrative. In distinction, a rebound from it may imply a surge to $0.5, as Ali Martinez and different analysts famous on X.

To take action, although, DOGE has a protracted strategy to go because it wants a 150% surge from this level on in a time when all of the hype within the crypto market has evaporated. Nonetheless, Dogecoin has confirmed earlier than that it’s ready of spectacular worth rises in comparatively quick occasions.

#Dogecoin $DOGE holds above a vital help degree! pic.twitter.com/jDNo5aoAdw

— Ali (@ali_charts) March 1, 2025