DOGE Price Breaks Key Support: Is Alt Run No More?

DOGE Price Breaks Key Support: Is Alt Run No More?

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DOGE Price has been seeing some not-so-pretty action lately. This has disrupted the structure of the local workforce, but what are the implications? Are DOGE holders worried and selling or are they sticking to conviction? Dino memecoin has always been part of an uptrend in the past. Will history repeat or will DOGE be left behind for the next alternate season? If there will be even one…

A large CT (Crypto Twitter) account is still holding and even buying more Dogecoin at this dip. This is a clear example of condemnation. Blindly following what others say is not really wise. Even if they are a big name in whatever field the assets are found in. One good way to gain information is to conduct further technical analysis. Check out my previous article on DOGE here. Now – let’s try it!

Market value





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DOGE Price Underwater: Could It Resurface or Will It Sink?

(Source – Tradingview, DOGEUSD)

Let’s start today’s analysis with the weekly time frame. We have a few more days until the current weekly candle closes. What the bulls want is to stay inside the channel. But the next support can be found at MA200, or roughly $0.14. If it drops this low, we will have sideways support throughout 2025. This is not impossible. A good signal is that the RSI is around its average range and the moving averages are in upward order – MA50 at the top, MA100 in the middle and MA200 at the bottom.

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(Source – Tradingview, DOGEUSD)

On the daily chart, the RSI also appears to be at a bottom and the moving averages are in an upward order. Although the price is currently lower than all of them. The channel here is also very clear. On the day of the sale we can see a lot of buying as the wick is twice the length of the body. Although there is a chance that buyers are now exhausted and there is no one left to absorb more selling. Is this the case? We’ll find out soon enough.

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Signals to monitor for another Dogecoin run

(Source – Tradingview, DOGEUSD)

The final chart for the analysis is on the 4H time frame. In the previous article we discussed the possibility of exceeding $0.30. But there was not enough fuel for that. Instead, DOGE price broke the precious low, essentially breaking the uptrend structure of the market. Of course, mass liquidations are responsible for this. However, technical analysis does not ask questions or assign blame. Rather, he sets rules and neglects emotion. The rule now is – if we want to go higher, we must maintain support and restore the moving averages. The RSI is at the bottom here, indicating a bounce at some point in the coming days.

Trade safely!

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DOGE Price Breaks Key Support: Does Alt No Longer Work?

  • The price is still in the ascending channel

  • The RSI has room to grow on all time frames

  • If the $0.18 support does not hold, the next key level is $0.14

  • Need to reclaim all moving averages on the 4-hour frame for further upside

  • Breakout market structure on the 4H time frame

DOGE Price Breaks Key Support: Does Alt No Longer Work? appeared first on 99Bitcoins.

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