Dogecoin Tests $0.152 Support After Multi-Year Trendline Break
Dogecoin (DOGE) faces heightened technical pressure after breaching its multi-year ascending trendline, with $0.1520 now a critical support level. Failure to hold could expose further downside, while reclaiming $0.159–$0.160 is key for trend stabilization.
Market Context
- Whale cohorts accumulated 4.72B DOGE (~$770M) over the past two weeks despite price declines.
- Speculation grows around Bitwise and Grayscale preparing spot DOGE ETF filings.
- Bitcoin’s death cross and extreme-fear sentiment are dragging high-beta assets lower.
- The meme-coin sector underperforms as crypto market cap drops 2% amid renewed risk-off flows.
Price Action & Technicals
- DOGE fell 5% from $0.161 to $0.153, breaking multi-session support.
- Volume surged to 1.264B tokens (+168% above average), reflecting institutional selling pressure.
- Temporary support has formed at $0.1520, with consolidation around $0.1534–$0.1537.
- A confirmed double bottom near $0.155 and RSI bullish divergence suggest bearish momentum may be slowing.
Key Levels
- Support: $0.1520 (critical), then $0.150 and $0.120 if broken.
- Resistance: $0.159–$0.160, $0.163–$0.170.
Traders now face a pivotal juncture: holding $0.1520 could pave the way for a rebound, while BTC’s ongoing macro weakness and death cross continue to pressure DOGE
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