DOGE, the largest meme cryptocurrency, records a +6% jump as Bitcoin breaks below $80,00

Amid the recent market upswing, the Dogecoin price bounced from $0.142 to $0.20 high — a 44% increase — in the last two weeks.

Dogecoin price showed signs of recovery on Friday, rising 6% to trade at $0.179 by 10:00 ET (14:00 GMT). The meme cryptocurrency faced selling pressure as Bitcoin broke down from the $85,000 level.

President Donald Trump’s plans to announce new pharmaceutical tariffs on Friday brought renewed selling pressure to the market, which hinted at a continuation of the prevailing correction.

Dogecoin price set for 30% fall as EMAs approach bearish crossover

In the recent market upswing, Dogecoin price bounced from $0.142 to a new high of $0.2 in the last two weeks. However, the recovery was backed by low trading volume, which signals weak buyers’ conviction and risk on price sustainability.

Therefore, the intraday sell-off in Bitcoin triggered a significant drop in DOGE price, which broke through the 20-day EMA slope. Since late January, the daily chart shows several failed attempts to reclaim this EMA slope, each of which resulted in an accelerated correction trend.

Furthermore, the 100-and 200-day EMA slopes are about to intersect for the first time in 2025, which is a key technical signal that indicates a shift in market sentiment and could suggest a potential long-term downtrend.

If history repeats itself, the DOGE price is expected to fall over 35% to hit the lower boundary of the support trendline at $0.12. This chart setup has been supporting the current correction trend in this meme coin, and testing this potential support should provide it with a suitable pivot level.

While the recovery momentum is far from over, buyers could sell support at $0.14, followed by $0.11.