The massacre that occurred last week was simply shocking, with meme coins taking the hardest hit. Recall that before Bybit was hacked, Trump's escalating trade war, and the overall market crash began to push it towards a low point, DOGE's price was above $0.26 last Friday.
A week later, the largest and oldest meme coin dropped to just above $0.18, peaking in its decline. This means it fell by 30% within the week. Additionally, since its peak of $0.44 in 2025, DOGE has dropped by 60%.
However, the asset did not spend much time below $0.19, actually managing to recover its losses within a few hours. This is significant because the support line at $0.19 has been described multiple times as critical for DOGE.
If it falls below this level, the price could drop to $0.06, which would invalidate the entire bull market narrative. In contrast, as Ali Martinez and other analysts pointed out on X, a rebound from this level could mean the price surges to $0.5.
However, to achieve this, Dogecoin has a long way to go, as it needs to rise by 150% from now, at a time when all the hype in the cryptocurrency market has dissipated. Nevertheless, Dogecoin has previously proven that it can achieve astonishing price increases in a relatively short time.
