- Despite Musk’s tweet, Dogcoin supported it on other crypto.
- If not supported, the main support at $ 0.2220 with the risk of another drop.
- Recovery is possible if Dogi ($ 0.23) breaks $ 0.2350 resistance.
Dogoine, popular meme-based cryptocurrency, has once again been found in the center of the Crypto Spotlight.
This time, however, Elon Musk does not seem to have an outspoken support that its current price is sufficient to stop the dip.
Despite Musk’s latest comments, confirming his hobby for Dogin, “I Like Dogs and Mems”, saying that dismissing other cryptocurrency, Dogge continued to fall by 6% today.
Elon Musk: “I am not going to promote crypto, mostly, in a joke. If you see me pumping Crypto, it’s not me. Because I like dogs and memes.” pic.twitter.com/uodntue0ad
– Dogedesigner (@cb_doge) July 25, 2025
The price of dogcoin rapidly slides technical patterns
Dogecoin increased 38% impressive 38% compared to last month, bought strong technical patterns and large -scale whale allegations.
Earlier, a popular analyst identified a livemore cylinder pattern on the chart, a formation often associated with paralysis rallies.
This pattern assured many people that Dogi could break down from the level of resistance and reach $ 1.50 powerfully in the coming months.
#Doge is trading inside a textbook Livermore Cylinder!
Essentially a rapid megaphone, this pattern was invented by Jessie Livarmore to indicate the accumulation of a property inside a cylinder, before it was brocca for inverted aggression.
If it is really… pic.twitter.com/5YGEONXD9L
– Tradingshot (@Tradingshot) July 23, 2025
In addition, on-chain data shows that Dogge’s price of more than $ 250 million was done by big holders in just 48 hours.
The trading volume has also increased by 77%, which indicates pressure to buy interest and aggression.
These demons indicated many people that a significant breakout was on the horizon.
However, after the announcement of the fare from the mark of $ 0.250, the dogcoin began to understand compared to bitcoin and atherium.
Memcoin has fallen below several support areas, and now trades both under the level of $ 0.2320 and its 100-hour simple moving average, causing caution to many traders.
The bear presses the pressure
Technically, Dogecoin is now facing resistance to $ 0.2280 and $ 0.2350.
A recession trend line on the house chart has been formed, unless bulls regain these important levels.
In addition, the House MACD is gaining strength in the red zone, which remains below the relative power index (RSI) neutral 50 levels.
A significant support took place at $ 0.2220, and a drop under this couch exposes a drop dogy to more $ 0.2120 and possibly $ 0.2054.
If the Dogi breaks below the level of $ 0.2054, according to the coinlore, the next negative targets are $ 0.1980 or $ 0.1947. Momentum indicators also reflect the turn of this recession.
Neverhaleses, still a channel for a recovery. If Dogecoin climbs above $ 0.2280 and maintains a previous film of $ 0.2350, it can try to resume the level of $ 0.250.
A strong close close to $ 0.2420 can transfer the speed back to the side of the bull.
The Post Elon Musk’s dogcoin tweet fails to stop the decline: can the dog recover? First appeared on the coinjourn.