1) 83% Decline from ATH
DOGE has fallen over 80% from its $0.48 all-time high, reflecting a prolonged higher timeframe downtrend.
2) Testing Monthly Support
Price is now hovering around a major monthly level near $0.08, previously a key structural pivot.
3) Bearish Momentum Remains
RSI continues to hold below 50, confirming downside momentum. The 100/50 moving averages remain negatively aligned.
4) Reclaim Level Defined
For bullish traction to build, price would need to reclaim the broken $0.15 region. Failure to hold current support opens risk of further structural decline.
In Summary
Dogecoin is testing major monthly support near $0.08 after an 83% decline from its all-time high. Higher timeframe structure remains bearish, with RSI below 50 and moving averages negatively aligned. This level represents the first meaningful support in months. A sustained hold could form a base, but bulls must reclaim $0.15 to shift momentum. Failure to defend current support would expose the chart to further downside continuation.
DOGE has fallen over 80% from its $0.48 all-time high, reflecting a prolonged higher timeframe downtrend.
2) Testing Monthly Support
Price is now hovering around a major monthly level near $0.08, previously a key structural pivot.
3) Bearish Momentum Remains
RSI continues to hold below 50, confirming downside momentum. The 100/50 moving averages remain negatively aligned.
4) Reclaim Level Defined
For bullish traction to build, price would need to reclaim the broken $0.15 region. Failure to hold current support opens risk of further structural decline.
In Summary
Dogecoin is testing major monthly support near $0.08 after an 83% decline from its all-time high. Higher timeframe structure remains bearish, with RSI below 50 and moving averages negatively aligned. This level represents the first meaningful support in months. A sustained hold could form a base, but bulls must reclaim $0.15 to shift momentum. Failure to defend current support would expose the chart to further downside continuation.
I analyse markets by observing levels, patterns, and structure. I share my process and reasoning for educational purposes, helping readers understand market behaviour without giving advice or predictions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I analyse markets by observing levels, patterns, and structure. I share my process and reasoning for educational purposes, helping readers understand market behaviour without giving advice or predictions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.