Dogecoin Plummets 20% as X’s Crypto Plans Omit Memecoin

Dogecoin, a memecoin closely associated with Elon Musk, has faced significant pressure recently due to its exclusion from X’s 2025 crypto integration roadmap and a series of technical breakdowns. A leaked report on X’s “Super App” strategy revealed plans for crypto payment integration powered by Visa, but notably omitted any mention of Dogecoin. This omission has sparked speculation that Dogecoin may not play a central role in X’s fintech ecosystem, leading to a wave of sell-offs among investors.

Technical analysis indicates that Dogecoin has broken below several critical levels, including the 10-day and 50-day Simple Moving Averages, signaling near-term and medium-term weakness. The 14-day Relative Strength Index sits at 31.94, indicating oversold conditions but offering no bullish divergence to suggest a reversal. The last remaining support zone is the $0.159 swing low, which aligns with the 78.6% Fibonacci retracement level from the previous rally. If this level fails, Dogecoin could potentially fall toward $0.14, a zone last visited in April and May 2023.

Dogecoin’s decline mirrors broader weakness in the altcoin market. Bitcoin dominance has risen, siphoning capital away from memecoins and speculative assets. The Crypto Fear & Greed Index has dipped, indicating growing investor caution. Trading volume surged, but the spike appears to reflect panic selling rather than accumulation. Unless sentiment improves or a bullish catalyst emerges, such as renewed endorsement from Elon Musk or unexpected utility in X’s ecosystem, DOGE may struggle to reclaim lost levels in the short term.

Despite the recent challenges, Dogecoin is repeating its historical cycle pattern, currently coiling in consolidation before a potential explosive breakout. Technical projections and historical trends suggest Dogecoin could reach $7.21 in its next macro cycle, gaining over 4,400% from its all-time high. A weekly Golden Cross setup hints at a 200–300% Dogecoin rally, echoing similar gains seen in past bullish cycle triggers. Dogecoin has followed cyclical patterns across 2016-2017, 2020-2021, and now 2024-2025. These cycles typically start with extended bear markets, then transition into sideways consolidation, followed by powerful parabolic moves. Currently, Dogecoin is inside a tight accumulation zone, forming what analysts call the “coiling” phase. This phase often marks the beginning of a major breakout.

The long-term chart reveals Dogecoin’s exponential growth story. In 2017, DOGE surged from near-zero to $0.01130, gaining over 5,850%. Subsequently, between 2018 and early 2021, the coin remained in a consolidation phase within a descending triangle. Then came its historic 2021 run, jumping to $0.74641—a mind-blowing 21,457% rally. Analysts now see another explosive move ahead. Technical projections suggest a possible target near $7.21, representing over 4,400% from the last all-time high. Ascending triangle patterns have appeared after major breakouts, hinting at continued bullish pressure. Logarithmic charts also support this exponential narrative, showing that each cycle far outpaces the previous one in magnitude. Volume metrics further back this outlook, highlighting stronger retail and institutional demand during breakout phases. Hence, the technical and volume structures align with a bullish macro trend building under the surface.

Fresh analysis adds fuel to the bullish fire. A Golden Cross is forming on Dogecoin’s weekly chart. This setup features the 10-week SMA crossing above the 20-week SMA. Historically, this signal has triggered significant rallies for DOGE. For instance, in late 2023, Dogecoin soared from $0.06 to $0.229, a 232% move. Another Golden Cross in October 2024 saw DOGE jump from $0.10 to $0.48, gaining 313%. Now, Dogecoin trades near $0.17, slightly down in recent days. However, the setup indicates a 200% to 300% rally is possible. That places the next potential range between $0.51 and $0.68.

Altseason expectations continue to gain momentum as a majority of analysts believe that the delayed altseason will certainly bring more gains to long-term altcoin holders. One analyst draws light to the pioneer memecoin Dogecoin. He says that a $10 DOGE ATH price this altseason peak is highly likely as the DOGE price chart signals a myriad of bullish indicators, hinting at a major price pump. This ongoing bull cycle’s delay altseason has only increased the odds for altcoin prices to hit much higher ATHs. While only a handful of altcoins have gone on to set new ATHs this bull cycle, most altcoins, especially legacy altcoin, have yet to near their previous ATH prices. Yet, analysts remain extremely bullish over all potential and promising altcoins expecting major price pumps in the coming days ahead.

While several analysts are patiently waiting for the pioneer altcoin to pump parabolically and reclaim its previous ATH in order to trigger the altseason peak phase, promising altcoins are showing strong bullish signals on their own price charts to match the bullish indicators. Together these signals all lead up to an inevitably explosive altcoins market pump. Among the many bullish altcoins for the upcoming altseason peak phase pump is the pioneer memecoin Dogecoin. This asset has come a long way from being a joke and online tipping coin. The asset is seen as the people’s coin and has in many scenarios, brought hope for many. Since then, DOGE has become a beloved coin for many, including the tech titan Elon Musk, also known as the Dogefather.

As we can see from the post above, one popular DOGE enthusiast goes on to share a detailed post on how DOGE could hit $10 this bull cycle. The post begins by highlighting each cycle, where the price of DOGE has consistently touched the lower white curved line before eventually rising to meet the upper curved white line, as shown in the chart accompanying the post. Presently, for this current cycle, this pattern has taken noticeably longer, largely due to the previous peak arriving earlier. In comparison, earlier cycles saw shorter intervals between peaks. This extended period suggests a deeper phase of accumulation, which could pave the way for a far more explosive rally than most are anticipating. The analyst says that Dogecoin will begin its parabolic surge toward new all-time highs, with a projected cycle top forming around the final week of October.