The price of Dogecoin (DOGE) has again sought the limits of its holders’ patience. The meme currency has a current trading price of $0.1260, down 3.15% in the previousThe price of Dogecoin (DOGE) has again sought the limits of its holders’ patience. The meme currency has a current trading price of $0.1260, down 3.15% in the previous

Dogecoin (DOGE) Faces Brutal Test: Jan 17 Target $0.144

  • Dogecoin (DOGE) is experiencing negative sentiment that has taken the market into extreme fear and has put the coin under pressure.
  • Key indicators are still pointing to the same direction as they show strong liquidity, presence on exchanges, and a long history of growth.
  • Price movements in the short run are still limited, but the long-term predictions are pointing towards a gradual rise.

The price of Dogecoin (DOGE) has again sought the limits of its holders’ patience. The meme currency has a current trading price of $0.1260, down 3.15% in the previous day. Although the volume is still high at $2.69 billion, the price movement is very quiet and cautious.

Source: CoinCodex

The atmosphere is filled with fear among the investors, and the Fear & Greed Index is at 17, which is way down in the extreme fear area. It seems that traders are observing the market, but only a handful are entering it quickly.

The market capitalization of Dogecoin is $19.19 billion, which grants it a 0.66% market share. Among meme coins, it is in first place, followed by Proof-of-Work assets in the second position, and Layer 1 networks in the seventh position. These placements are significant. They indicate that Dogecoin is still a major player, regardless of sentiment fluctuations and short-term losses.

Also Read: Dogecoin (DOGE) Price Structure Points to $0.75 After +480% Rally

Dogecoin Price Action Shows Fear, Not Collapse

Dogecoin has gone through many phases. It hit the peak price of $0.7386 in the month of May 2021 and it has also gone as low as a few cents in the year 2015. After the highest price of Dogecoin was reached, the lowest price in the cycle was $0.0497, then a quick upturn to $0.4806. This past strongly tells the investors that DOGE has violent fluctuations.

The past week has seen a decline of 8.5%. DOGE had a total of 12 days with up prices and a volatility of 5.10% during the last month. The RSI shows a value of 34.41, which is close to neutral but is slightly on the weak side. Technical indicators support this assessment. Just four directional signals are bullish. Twenty-eight are bearish.

Source: CoinCodex

The first support level is $0.1222, then $0.1183, and the next one $0.1116 which being the strongest. The resistance levels are at $0.1329, $0.1397, and $0.1436 one above the other. The price changes during the next five days are going to be insignificant, according to the predictions. The highest price expected to be reached is $0.1262 which is very close to the current price.

Source: CoinCodex

The supply of Dogecoin keeps increasing. The circulating supply has now reached 152.23 billion DOGE, which corresponds to an annual inflation rate of 3.49%. Approximately 5.14 billion new coins were got into circulation during this year. The constant issuance limits the dramatic price rise, yet at the same time, it keeps the network predictable.

History supports the idea of being patient. The average yearly growth of Dogecoin over its history of 13 years is more than 650%. In the year of 2017, when Dogecoin was at its best, the price was more than 4,000% up as compared to the previous year.

The worst year saw 74% of the value being wiped off. In a seasonal manner, DOGE is said to be more active in the first quarter and less in the third quarter.

In the future, Dogecoin will probably be in the price range of $0.1210 and $0.1349 for the whole year of 2025. This price range means that the cryptocurrency will not disappear, but rather undergo a very slow price adjustment. Predictions for January 17, 2026, suggest that the value might be as high as $0.1442, which is a possible increase of 14% compared to the present price.

Source: CoinCodex

Dogecoin is still very closely linked with major assets, so it’s going along with the general market instead of opposing it. At this time, the graph indicates fear. However, Dogecoin has previously withstood fear. In this exceptional duration, survival often weighs heavier than the thrill.

Also Read: Dogecoin Targets $0.30 as ETF Launch on NYSE Boost Institutional Adoption

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