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Cryptocurrency News Articles
A prominent crypto analyst, known as Cheds, has issued a warning about Dogecoin's (DOGE) potential decline amid the ongoing market correction.
Apr 02, 2025 at 07:06 pm
The strategist believes that DOGE could see a significant drop if it fails to hold a critical support level.
Crypto analyst Cheds has issued a stark warning about Dogecoin's (CRYPTO: DOGE) potential for a "large drop" amid the ongoing market correction.
What Happened: Prominent crypto analyst, known as Cheds, on X (formerly Twitter), has issued a warning about Dogecoin's (DOGE) potential decline amid the ongoing market correction.
The strategist believes that DOGE could see a significant drop if it fails to hold a critical support level. According to Cheds, Dogecoin might face a sharp correction of around 33%, pushing its price down to the $0.11-$0.12 range if it loses stability at $16.
He suggests that the current market structure doesn't offer much optimism for DOGE, indicating that the memecoin could be heading for a lower bottom before finding solid ground.
According to Cheds, during a recent strategy discussion, he emphasized that the chart looks unfavorable, highlighting a strong descending supply trend.
"Little reason to be optimistic on $DOGE ... Chart signals a potential move to test lower prices," said Cheds in one of his recent posts.
Dogecoin Price Action: At the time of writing, Dogecoin is trading at $0.172 after a 16% decline in the past 7 days.
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- Bitcoin (BTC) Price Prediction: BTC/USD Stalls After Rallying to $104,500, Setting the Stage for a Potential Retracement
- May 12, 2025 at 02:45 pm
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- May 12, 2025 at 02:45 pm
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- Uniswap Has Created History, It Has Become the First Decentralized Exchange (DEX) to Cross the $3 Trillion Trading Volume Mark
- May 12, 2025 at 02:40 pm
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- Troller Cat ($TCAT) Presale Officially Launches, Promising 6000%+ ROI
- May 12, 2025 at 02:35 pm
- After smashing through the $100K ceiling again, Bitcoin hasn't just reignited interest in blue-chip crypto—it's triggered a tidal wave of meme coin mania. Welcome to May 2025, where meme coins are back, bolder, and barking for your attention. But one feline is clawing past them all: Troller Cat.
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