Dogecoin (DOGE) Price Action: Key Levels & Market Insights!🚀 Crypto Market Update – March 2, 2025 🚀
📢 Latest News:
Bitcoin ( BITSTAMP:BTCUSD ) surged 6.06%, reaching $89,359.
Ethereum ( BITSTAMP:ETHUSD ) gained 1.36%, trading at $2,253.
U.S. President Donald Trump announced a Crypto Strategic Reserve, including CRYPTOCAP:XRP , CRYPTOCAP:SOL , and CRYPTOCAP:ADA , driving market optimism.
📊 Dogecoin (DOGE/USDT) Technical Analysis:
DOGE is currently trading at $0.2337 (+12.52%), showing an attempt to recover from recent lows. However, the market is still in a bearish momentum as long as the price remains below $0.2662.
📌 Key Levels to Watch:
🔹 Pivot Line: $0.2460
🔺 Resistance Levels:
$0.2662 (critical breakout level)
$0.3111 (strong resistance zone)
$0.3505 (major resistance)
🔻 Support Levels:
$0.2043 (strong demand zone)
$0.1774 (next key support)
$0.1465 (deep support area)
🔎 Trading Outlook:
Bearish Case: If DOGE fails to break above $0.2662, it may decline towards $0.2043 and $0.1774.
Bullish Case: A daily close above $0.2662 could trigger a rally towards $0.3111 and higher.
🛠 Trading Plan:
📌 Watch for price action around the $0.2662 pivot zone—a breakout above will favor bullish momentum, while rejection may lead to further declines.
📈 Sentiment Check:
With BTC and ETH rising and positive regulatory news, DOGE could see increased bullish pressure if it clears key resistance zones.
What’s your outlook on DOGE? 🚀📉 Drop your thoughts below! 👇
