DOGE – Downtrend Channel + Bearish Head & Shoulders BreakdownDogecoin continues to move inside a large multi-year descending channel, respecting both the upper and lower boundaries. Recently, the chart has formed a clear bearish Head and Shoulders pattern , which has already broken down and is currently playing out.
At this stage, I expect a small relief retest toward the $0.15–$0.175 zone , which corresponds to the broken neckline area. If this retest confirms resistance, DOGE may enter a deeper correction phase.
The main downside target lies at the $0.04–$0.03 zone , aligned with the lower boundary of the long-term descending channel.
From this area, I expect the beginning of a new bullish cycle for DOGE, potentially initiating a macro trend reversal.
Future bullish targets:
$0.80–$1.00
$1.70–$2.20
