The Dogecoin price has remained in a prolonged downtrend since last year, mirroring the broader crypto market meltdown. Although the meme coin initiated a slight recovery in recent weeks, its momentum was not strong enough to sustain the rally. With Dogecoin now trading near $0.10, a crypto analyst suggests the meme coin has reached a critical decision point that could trigger a bullish wave of more than 100%.
Dogecoin Price Enters Key Decision Level
Market analyst Erick Crypto has released a new Dogecoin price outlook on X, noting that the meme coin has hit a major decision point. He noted that after enduring months of steady downward movement, DOGE is now compressing just below a key resistance level.
According to Erick Crypto, a descending trendline and horizontal support on the price chart are now acting as a critical decision zone around the $0.10 level. Based on the analysis, this area represents a battleground where buyers and sellers are competing for control after an extended downtrend.
Erick Crypto has projected that if Dogecoin can hold the $0.10 level and eventually break above the descending trendline, then its momentum could change rapidly. He explained that such a breakout would signal the end of Dogecoin’s prolonged compression, triggering a strong price rally toward $0.25. With DOGE currently trading below $0.1, this would represent an increase of approximately 150%.
Supporting his bullish thesis, Erick Crypto noted that liquidity is resting below DOGE’s current price level on the chart, creating the conditions for a larger move higher. He described the meme coin’s current setup as one of compression followed by potential expansion, suggesting that DOGE’s extended decline does not reflect weakness but a temporary pause before a renewed bullish wave.
Analyst Says DOGE Still Lacks Strength
In a separate analysis, crypto market expert Trader Tardigrade discussed a similar descending trendline that formed on the Dogecoin chart following an extended decline. However, he offers a more cautious outlook for the meme coin’s price.
According to him, Dogecoin is currently holding firmly to the descending trendline around $0.10, but its momentum remains weak. He noted that the meme coin recently began trading above the trendline after a recent “back test.” As a result,, Trader Tardigrade believes that Dogecoin’s broader market structure remains bullish, even though it currently lacks strength.
He explained that before DOGE can confirm a breakout, its price must build more buying pressure. Once this breakout occurs, the analyst expects the meme coin to climb sharply toward $0.15, reflecting a roughly 50% from current levels around $0.10. He added that traders and investors should watch closely for rising volume and stronger candles. Until then, he maintains that the market should remain cautiously optimistic.
