TL;DR

• The crypto market crash this week wiped out billions of dollars as every digital asset plunged hard. However, DOGE managed to remain north of a key support line on the daily scale.
• This suggests an upcoming rally, according to analysts, and a potential surge by triple digits.

The massacre that took place within the past week was nothing short of mindblowing, and meme coins were hit the hardest. Recall that DOGE stood above $0.26 last Friday before the Bybit hack, Trump’s escalating trade war, and the overall market crash started to push it south hard.

The culmination came a week later as the largest and oldest meme coin plunged to just over $0.18. This represented a 30% slump within the span of a week. Moreover, DOGE had dumped by 60% since the 2025 peak of $0.44.

However, the asset didn’t spend much time below $0.19 and actually managed to reclaim it within hours. This is of particular significance as the $0.19 support line has been described multiple times as crucial for DOGE.

If broken, it could result in a price drop to $0.06, which would essentially invalidate the entire bull market narrative. In contrast, a rebound from it could mean a surge to $0.5, as Ali Martinez and other analysts noted on X.

To do so, though, DOGE has a long way to go as it needs a 150% surge from this point on in a time when all the hype in the crypto market has evaporated. Still, Dogecoin has proven before that it is able of spectacular price rises in relatively short times.

#Dogecoin $DOGE holds above a critical support level! pic.twitter.com/jDNo5aoAdw

— Ali (@ali_charts) March 1, 2025

Bitcoin’s continuous price slump finally came to a halt after the asset plunged to $78,000, and it has managed to recover about seven grand since then.

The altcoins are also well in the green today, with substantial gains from almost all of them.

BTC Rebounds $7K

It was a violent week, to say the least, for bitcoin and the entire crypto market. The primary digital asset challenged $100,000 the previous Friday but was quickly rejected after the hack against Bybit. The weekend was calmer, but the business week turned sour once again.

By Tuesday, bitcoin had lost over ten grand since the weekend and more than $13,000 since Friday in a price slump to $86,000. After a minor dead-cat bounce to $89,000, the bears returned with another leg down that drove BTC to $82,000 on Thursday.

The most painful decline came on Friday morning as the cryptocurrency plunged below $80,000 and all the way down to $78,200 (on Bitstamp), which became the newest three-month low and made February 2025 the worst in over a decade.

Many industry experts warned that the worst is yet to come and that BTC could drop to $70,000 over the weekend. However, that hasn’t been the case so far. Just the opposite, BTC stands close to $85,000 after regaining $7,000 since yesterday’s low.

Its market capitalization remains below $1.7 trillion, while its dominance over the alts is close to 58% on CG.

Alts in Recovery Mode

The alternative coins went through some massive crashes within the same timeframe but are well in the green on a daily scale now. Ethereum is above $2,200 after a 5% increase since yesterday, while BNB has neared $600 following a 4% surge.

Ripple’s native token defended the $2 level and is up to $2.17 now after gaining 8%. More impressive price increases come from SOL (10%), DOGE (9.5%), ADA (7.5%), SUI (9%), and XLM (15%).

HBAR, APT, BCH, ONDO, and TRUMP have also charted notable double-digit price gains since yesterday.

The total crypto market cap has recovered roughly $200 billion and is up to $2.9 trillion on CG.

As it typically happens when expectations point in one direction, BTC tends to go toward the other.

This transpired in February 2025 as many market observers, as well as historical performances, hinted at substantial gains. That didn’t come to fruition, though.

Worst February Since ’14

There was a lot of hype for February 2025. Perhaps deservingly so as bitcoin’s price movements since 2013 had been highly bullish within the second month of the year. In fact, only on two occasions – 2014 and 2020, the asset had charted losses.

Moreover, Februaries after a halving year, which was the 2025 one, brought double-digit gains (62% in 2013, 23% in 2017, and 37% in 2021).

So, the stage was set for another rally and perhaps a fresh all-time high above $110,000. After all, BTC had charted a 9.3% gain in January, according to CoinGlass data, and had neared the aforementioned level but never managed to break it.

However, BTC never actually managed to go beyond January’s closing price, which was at around $102,500. It briefly managed to challenge it at the beginning of the month, but overall, it spent most of the month below $100,000. The landscape worsened in the last week of the month when it plummeted by double digits to a multi-month low of $78,000 amid Trump’s escalating trade war.

It managed to recover some ground by February’s closing time and ended the month at around $84,000. This still meant a substantial decline of 17.39% within the second month of the year, making it the worst February since 2014.

What’s Next in March?

March has been historically a controversial month for BTC. After a mindblowing rally of 173% in 2013, the month delivered declines for six out of the next seven, with the latest being in March 2020, when the entire world was struck by the COVID-19 pandemic.

However, the trend changed once again for the next four years as BTC saw gains of 29.84% in March 2021, 5.39% in 2022, 22.96% in 2023, and 16.81% last year.

The good news for March 2025 is that bitcoin doesn’t have to register some big gains to end the month in the green, as it started after a severe correction in what is still considered a bull market. Still, history doesn’t always rhyme as February 2025 proved.