Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Good News for Dogecoin (DOGE) Investors: Is $0.5 Still in Play?

Good News for Dogecoin (DOGE) Investors: Is $0.5 Still in Play?

CryptopotatoCryptopotato2025/02/28 16:00
By:Author: Jordan Lyanchev

DOGE remaims above a critical support line.

TL;DR

  • The crypto market crash this week wiped out billions of dollars as every digital asset plunged hard. However, DOGE managed to remain north of a key support line on the daily scale.
  • This suggests an upcoming rally, according to analysts, and a potential surge by triple digits.

The massacre that took place within the past week was nothing short of mindblowing, and meme coins were hit the hardest. Recall that DOGE stood above $0.26 last Friday before the Bybit hack, Trump’s escalating trade war, and the overall market crash started to push it south hard.

The culmination came a week later as the largest and oldest meme coin plunged to just over $0.18. This represented a 30% slump within the span of a week. Moreover, DOGE had dumped by 60% since the 2025 peak of $0.44.

However, the asset didn’t spend much time below $0.19 and actually managed to reclaim it within hours. This is of particular significance as the $0.19 support line has been described multiple times as crucial for DOGE.

If broken, it could result in a price drop to $0.06, which would essentially invalidate the entire bull market narrative. In contrast, a rebound from it could mean a surge to $0.5, as Ali Martinez and other analysts noted on X.

To do so, though, DOGE has a long way to go as it needs a 150% surge from this point on in a time when all the hype in the crypto market has evaporated. Still, Dogecoin has proven before that it is able of spectacular price rises in relatively short times.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!