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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/will-dogecoin-recover-from-recent-losses/" data-wpel-link="internal">Will Dogecoin Recover from Recent Losses?</a> 
The world’s most famous memecoin, <a href="https://coin-turk.com/bu-altcoin-1-koyan-5-alabilir-analistlere-gore-02-dolar-asilacak-olursa-hizla-1-dolara-kosacak" data-wpel-link="internal">Dogecoin</a>, has recently faced significant selling pressure, losing 17% in the last 7 days and over 33% in the last 30 days. Currently, <a href="https://en.coin-turk.com/price-prediction-algorithms-say-dogecoins-price-will-drop/" data-wpel-link="internal">Dogecoin</a>‘s price has fallen by 4.5% to $0.1255, with a market value of $18.09 billion. Nevertheless, market analysts continue to approach the memecoin with an optimistic outlook, referring to its resilience in previous major corrections. 
<h2 style="text-align: justify" id="strong-past-models-indicate-potential-rise-strong">Past Models Indicate Potential Rise</h2> 
<a href="https://en.coin-turk.com/investor-steve-eisman-predicts-no-fed-rate-cuts-this-year/" data-wpel-link="internal">Crypto</a> analyst Ali Martinez highlights recurring patterns in Dogecoin’s price behavior, suggesting that the current decline is a usual precursor to significant rises. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-346956" src="https://coin-turk.com/wp-content/uploads/2024/05/Dogecoin-DOGE-Altcoin.jpeg" alt="" width="2209" height="1443"> 
Martinez emphasized parallels with models from 2017 and 2021, where Dogecoin encountered similar pullbacks before major price surges, exiting descending triangle formations and subsequently initiating massive bull runs of 982% and 12,197%, respectively. 
The analyst noted that in 2024, the altcoin has once again emerged from a descending triangle formation, currently undergoing a 47% price correction that mirrors previous market cycles. This similarity, especially with increasing interest from Dogecoin whales, indicates a potential precursor to the next bull run. 
<h2 style="text-align: justify" id="strong-what-s-next-for-dogecoin-strong">What’s Next for Dogecoin?</h2> 
After falling below $0.150, Dogecoin has aligned with a short-term downward trend similar to <a href="https://coin-turk.com/bitcoin-btc-artik-dibi-gordu-mu-guncel-veriler-isiginda-bitcoin" data-wpel-link="internal">Bitcoin</a> and Ethereum, with the price dropping below the critical support level of $0.1350 and pulling back to $0.1201 before leveling off. Although the price has recovered above $0.1250, resistance at $0.130 is hindering further rises. 
Currently, <a href="https://en.coin-turk.com/massive-dogecoin-transfer-attracts-crypto-worlds-attention/" data-wpel-link="internal">DOGE</a> is trading below $0.1420 and the 100 Simple Moving Average (4-hour), facing resistance around $0.130. The next significant hurdle is at $0.1350, and failure to overcome this threshold could lead to renewed downward pressure. 
If downward pressure continues, the first support threshold will be around $0.1220 and $0.120. A drop below $0.120 could open the way for further declines to $0.1040. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/will-dogecoin-recover-from-recent-losses/" data-wpel-link="internal">Will Dogecoin Recover from Recent Losses?</a></h5>

Will Dogecoin Recover from Recent Losses?

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