Is Dogecoin’s 30% Decline A Chance To Buy On Discount? Here Is the Pertinent Level To Watch

Name	Symbol	Market	Market Cap ($)	Algorithm
Dogecoin	DOGEUSD	Crypto	48,290,046,311	Scrypt

Name

Symbol

Market

Market Cap ($)

Algorithm

Dogecoin

DOGEUSD

Crypto

48,290,046,311

Scrypt

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.0038	-1.14%	0.33005	0.33004	0.33005

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.0038

-1.14%

0.33005

0.33004

0.33005

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.33517	0.3295	0.33405	0.33385	0.074740 - 0.484640

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.33517

0.3295

0.33405

0.33385

0.074740 - 0.484640

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	04:42:46	60.00	0.33005	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

04:42:46

60.00

0.33005

USD

Price x Volume	Volume	Base Symbol	Related Pairs
8,835,900.40	26,563,986.18	DOGE	DOGEEUR	DOGEGBP	DOGEBTC

Price x Volume

Volume

Base Symbol

Related Pairs

8,835,900.40

26,563,986.18

Is Dogecoin’s 30% Decline A Chance To Buy On Discount? Here Is the Pertinent Level To Watch

10/01/2025 11:00pm

NEWSBTC

Recent price action has seen Dogecoin stuck in a correction path for over a month now, and the meme now finds itself trading just above the $0.3 mark. Particularly, Dogecoin has retraced by about 30% since it reached a recent multi-year peak of $0.48 in early December, and bullish traders are now patiently waiting for the next leg up. According to technical analysis, Dogecoin’s recent confluence at the $0.3 price level presents an attractive opportunity to load up more of the cryptocurrency before an upward bounce from here. Dogecoin’s $0.3 Support Zone Holds Key Significance The $0.3 price level has emerged as a critical support zone for the meme coin moving forward, with multiple analyses referencing this price point. According to a technical analysis of Dogecoin’s daily candlestick price action on the TradingView platform, this level aligns with historical support zones that have previously served as reliable demand areas during market downturns. The technical appeal of this zone is more notable due to its correlation with broader market sentiment, as the Bitcoin price is currently hovering near its own significant support level. Related Reading: What To Expect After The Bitcoin Price Crash Below $100,000 With this in mind, Dogecoin’s retracement to $0.3 could not only serve as a potential bottom for the current correction but also as a launching pad for the next bullish wave, provided Bitcoin and other market conditions align favorably. Furthermore, it provides traders the opportunity to load up more Dogecoin tokens at a 30% discount and position themselves for maximum gains before the wider crypto market recovers and resumes its upward momentum. Is A Broader Market Recovery On The Horizon? As one of the largest cryptocurrencies, Dogecoin is easily influenced by market dynamics, including things like news updates and Bitcoin’s price action. Particularly, Dogecoin’s upward momentum in the last quarter of 2024 had no reason to be derailed if not for Bitcoin’s failure to hold above the psychological $100,000 price level. Related Reading: XRP Price Eyes Bullish Flag Breakout That Could Put 50% Gains On The Board Unsurprisingly, on-chain data shows some Dogecoin whale addresses might already be capitalizing on this discount in anticipation of this market-wide recovery. Whale transactions involving Dogecoin recently surged by over 400%. Furthermore, on-chain data from IntoTheBlock shows that Dogecoin’s large transaction volume recently rose to over $60.9 billion in a 24-hour timeframe. At the time of writing, Dogecoin is trading at $0.3328 and is down by about 1.4% in the past 24 hours. The $0.3 price level remains a pertinent range to keep an eye on, as a successful defense of this level paired with strengthening BTC prices could lay the groundwork for a renewed Dogecoin rally. A prudent approach would be to set stop losses below this level in case of a deeper correction, which could invalidate short-term bullish momentum. Featured image created with Dall.E, chart from Tradingview.com

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DOGEUSD Dogecoin