Dogecoin has taken a steeper fall than Bitcoin as the broader crypto market saw a 4% decline in valuation.
Following a brutal start to November, DOGE slid nearly 9% in the last 24 hours to around $0.165 with a 101% surge in trading volume.
Market Turmoil Sends DOGE Tumbling
While Bitcoin fell about 4% to $103K, the altcoin market was hit much harder. Ethereum and Solana each lost over 7%, and Dogecoin led the downside, briefly touching multi-week lows as long positions were wiped out in a wave of liquidations.
According to CoinGlass, over $1.16 billion in crypto positions were liquidated in 24 hours, most of them longs.
Analyst Maartunn from CryptoQuant noted that US spot market traders are driving much of the current sell pressure. However, this could be an optimal time to buy DOGE.
DOGE Price Analysis: $1 or $0.1?
As per the 12H DOGE chart below, the meme coin has decisively broken below its mid-range channel support near $0.18.
The move signals renewed selling momentum that could extend toward successive supports at $0.16, $0.145, and $0.125, with a potential capitulation zone around $0.11.
The RSI has plunged to 24.01, indicating extreme oversold conditions that often precede short-term bounces.
The MACD remains negative but shows early signs of flattening, i.e., selling pressure might be exhausting.
Source: TradingView
If DOGE manages to hold above the $0.16 range and reclaims $0.18–$0.19, it could trigger a recovery phase targeting $0.26, and later the key resistance at $0.48.
A sustained bullish reversal would put the $1 price target back within reach.
Is This Crash a Buying Opportunity?
Historically, Dogecoin’s steep declines have often preceded massive rallies.
The current correction, despite its intensity, could be another setup for long-term accumulation, especially with RSI and volume levels mirroring early 2023 recovery patterns.
However, failure to defend $0.16 would expose the market to another leg down.
DOGE Bounce Incoming? $MAXI Flexes with $3.9M Raised and Counting
While Dogecoin eyes a recovery, Maxi Doge ($MAXI), a meme coin that merges gym culture with the thrill of crypto trading, has raised a massive $3.9 million in its ongoing presale.
Backed by a community focused on discipline, energy, and ambition, $MAXI is less about speculation and more about adopting a mindset that values strength, both in body and in financial decisions.
$MAXI operates as an ERC-20 token on the Ethereum blockchain and has a fixed supply to maintain scarcity.
Holders can stake their tokens to earn daily rewards and gain access to exclusive tournaments and community benefits.
Currently, reward rates stand at a massive 78% per annum.
To buy $MAXI before prices increase in the next two days, visit the official Maxi Doge website and connect a supported wallet, like Best Wallet.
Once done, swap crypto or use a debit/credit card to complete your $MAXI purchase.
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