Dogecoin Price Forecast: DOGE Declines in High Fear Market – Is a Drop Below $0.01 Possible?

Market sentiment is exerting pressure on more speculative assets, which is affecting optimistic Dogecoin price forecasts.

The Fear and Greed Index has dropped into extreme fear for the first time since April, resulting in capital being withdrawn from tokens closely associated with social sentiment, such as meme coins.

Fear & Greed Index. Source: Coinglass.

Dogecoin has not been immune, experiencing a 16% decline since its peak earlier this month as the index fell from a “neutral” sentiment of 43 to its current level of 12.

Nevertheless, what sets DOGE apart from many meme coins is its potential for regulated exposure in U.S. traditional finance markets, with Bitwise and Grayscale spot DOGE ETFs in development.

The 20-day countdown to automatic approval under Section 8(a) of the Securities Act concludes on Monday. Unless there is SEC intervention, institutional-grade demand could soon become a reality.

https://twitter.com/EricBalchunas/status/1990457912431452493

With this positive narrative and the new capital inflows it may attract, Dogecoin could gain the strength necessary to navigate this phase of market uncertainty.

Dogecoin Price Prediction: Can DOGE Fall Below $0.01?

Dogecoin continues to face pressure, but the strong confluence of support at $0.1550 could transform its recent bounce into a launching point.

DOGE / USD 1-day chart, descending triangle pattern. Source: TradingView.

This level corresponds with the lower boundary of a year-long descending triangle and the 0.5 Fib retracement from DOGE’s previous bullish cycle, a typical bottom marker during corrections.

A recent double-bottom reinforces the setup, establishing $0.155 as the foundation for a breakout attempt, aiming for a stronger position by flipping past $0.20 resistance into support.

Momentum indicators support this movement.

The RSI has formed a bearish divergence with a higher low, while shorter time frames indicate lower Dogecoin price lows, suggesting diminishing selling pressure. The MACD reflects this shift, narrowing back toward the signal line after a brief death cross.

A clear triangle breakout sets up a measured move of approximately 220% to previous highs around $0.50, with a fully realized target of $1 for a potential 540% gain.

However, a sustained advance like this likely requires price action to align more closely with optimistic narratives such as ETFs. Without approval, Dogecoin could encounter a pattern breakdown.

A drop to $0.01 seems improbable with asset managers investing in the coin, although the 0.382 Fib levels at $0.115 and $0.085 are notable as credible downside supports.

Maxi Doge: Speculators Are Eying This Doge Coin Instead

Doge-branded tokens frequently exhibit the strongest social momentum. The last time the market experienced extreme fear, Dogecoin rebounded with a 120% increase.

Historical patterns are evident: Shiba Inu took over from Dogecoin in 2021, followed by Floki, Bonk, Dogwifhat, and most recently, Neiro.

Every bull run ultimately introduces a new parabolic Doge-themed asset.

https://twitter.com/BSCGemsAlert/status/1988182378662047770

For 2025, the upcoming spot DOGE ETFs and the DOGE-1 lunar mission provide the ideal social catalyst for a new frontrunner, with speculators focusing on Maxi Doge ($MAXI) as the next potential moonshot.

The excitement is already reflecting in numbers. The $MAXI presale has nearly reached $4.1 million, while early investors are earning up to 76% APY through staking rewards.

For those who missed previous Doge waves, MaxiDoge could represent the next opportunity to capture a meme coin breakout before it ascends.

Visit the Official Maxi Doge Website Here

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