The fast rise of Dogecoin (DOGE) appears to reach its end because now it stays below its important support points. During January 2025 DOGE achieved its price peak before declining over 40% by February 2025 which reveals potential limits of its market strength.

DOGE hit two vital exponential moving averages during its upward run that normally serve as purchasing barriers before reversing direction. The intense selling activity followed the first breakers of both the 50-day EMA at $0.31 and the 100-day EMA at $0.26 which greatly harmed investor faith in the asset.

DOGE price remains at $0.24 near its bottom while the 200-day EMA acts as the next possible defense. When buyers cannot defend the $0.24 support level Dogecoin enters prolonged market declines.

DOGE’s Bullish Run Ends As Key Indicators Weaken

DOGE’s bullish period may end because several trading indicators point to this outcome.DOGE failed to hold key past support areas as a basis for its price growth. Lower high points and lower low points show the start of a downward market trend. Despite recovery efforts volume from interested buyers keeps decreasing which means purchasing power is tiring out.

DOGE may drop toward $0.22 and possibly $0.20 support when its price remains under $0.24 and continues to fall.Although major trend changes are unlikely soon DOGE may increase from its 200-day EMA (Exponential Moving Average) to test the $0.26-$0.28 range. Extended falling prices depend on the selling pressure staying strong.

Even though Dogecoin has survived past bear markets and bounced back strongly before central bulls appeared to change their positions this time around. The strong price increase of Dogecoin faces trouble as multiple Easy Moving Averages break and movement weakens while the price fell 40% since its peak. Market participants will carefully monitor if Dogecoin stays above $0.24 to predict if its value will drop further.