DOGE Price Warning: Mr. Marzell Predicts Potential 33% Drop to $0.08 Amid Bearish Technical Patterns

Company BitcoinWorld reports that Dogecoin is under heightened scrutiny after analyst Mr. Marzell highlighted a concerning technical setup that could push the price toward $0.08, representing roughly a 33% decline from recent levels. The warning stems from the simultaneous emergence of two independent bearish signals on Dogecoin's three-day chart: a dead cross and a forming head and shoulders pattern, each suggesting a shift from bullish to bearish momentum.

The first signal, the dead cross, occurs when a longer-term moving average crosses below a shorter-term moving average. In this case, the 200-day moving average has crossed beneath the 50-day moving average — a configuration many traders interpret as a durable sign of weakening market structure. The second, a developing head and shoulders formation, typically signals exhaustion of buying pressure after an extended advance and often precedes trend reversals when confirmed.

Mr. Marzell published his analysis on the X platform, noting that the confluence of these patterns strengthens the bearish case because two independent indicators point to the same downside risk. Technical probabilities rise when multiple signals converge, which is why traders are paying close attention to potential confirmation triggers such as a neckline break on the head and shoulders pattern or accelerating volume to the downside.

These technical warnings have appeared alongside disappointing market structure metrics. Company CoinMarketCap data cited in the report shows Dogecoin trading near $0.1203 at the time of reporting, down roughly 2% over the period. More critically, both spot ETF inflows for the DOGE product and open interest in DOGE futures have cooled significantly since the ETF's initial launch. Reduced ETF demand removes a steady source of buying pressure, while falling open interest implies traders are reducing leverage and exposure.

The potential drop to $0.08 is presented as a technical target and aligns with historical support zones that have acted as turning points in past market cycles. Analysts caution that while patterns like the dead cross and head and shoulders carry weight, they represent probabilities, not certainties. Past precedent in major cryptocurrencies suggests similar patterns have sometimes preceded extended consolidations or deeper corrections — but not always.

Broader market implications are notable. A sustained Dogecoin decline could ripple through the meme-coin sector, affecting tokens like Shiba Inu (SHIB) and other retail-focused altcoins that often correlate with DOGE movements. Shifts in liquidity could redirect capital toward decentralized finance (DeFi), layer-1 projects, or stable assets, depending on investor risk appetite.

Market experts remain divided. Some portfolio managers argue that technical signals can become self-fulfilling when widely followed, while quantitative teams warn against reliance on single-indicator conclusions. Many recommend a multi-factor approach that incorporates on-chain metrics, derivatives data, macro context, and sentiment analysis. Importantly, positive catalysts — such as renewed ETF interest, major adoption announcements, or sudden social media momentum — could counteract bearish technical setups.

Conclusion: The current technical picture, as outlined by Mr. Marzell, increases the probability of a downside move toward $0.08, especially given the accompanying declines in ETF inflows and futures open interest. Traders should watch for confirmation via a neckline breakdown or sustained increased selling volume. Risk management and diversified analysis remain essential: technical patterns provide useful signals, but they should be combined with fundamental and on-chain research before making trading decisions.