- $0.168 is a critical support, breaking below could trigger a 30% DOGE price correction.
- BBTrend flips positive; early momentum builds, but resistance remains at the Ichimoku Cloud.
- Options volume surges 144%, signaling rising trader interest and bullish sentiment if support holds.
Dogecoin is trading at $0.1744 as of June 15, 2025, and is showing signs of pressure at a key technical support level. Traders are monitoring the $0.168 mark, which could define the asset’s short-term structure. A drop below this level may trigger a decline of up to 30%.
$0.168 Remains Key Structural Support for DOGE
Ali Charts, a crypto analyst, noted that Dogecoin must stay above $0.168 to avoid a deeper correction. The level has consistently acted as a base, and breaking below it could open the door to lower price zones.
Recent market structure shows that price continues to hover near this area with reduced volatility. DOGE recently tested the $0.176–$0.178 range, where it found support in a confluence zone. This zone included a 4-hour Fair Value Gap and a 4H Order Block, which are often areas of tactical entry.
Andrew Griffiths, a market analyst, observed that the bounce was driven by a high-volume move and a sharp liquidity wick. This helped confirm structural integrity while removing weak positions.
Momentum and Market Sentiment Signal Recovery Potential
DOGE’s BBTrend indicator turned positive, moving from -3.14 to 2, suggesting that early buying pressure is returning. While the shift does not confirm an uptrend, values above zero typically suggest rising momentum if supported by volume growth.
The Ichimoku Cloud shows resistance ahead, with the Tenkan-sen below the Kijun-sen and the price still below the cloud. The thick green Kumo presents a challenge for price continuation unless strong momentum builds to break through it.
According to CoinGlass, DOGE options volume surged by 144.10%, while open interest rose by 2.23%, pointing to growing trader engagement. Long/short ratios on exchanges like OKX and Binance show a bullish tilt, as traders continue positioning for a possible upward breakout above $0.21 if the $0.168 base remains intact.
