Dogecoin started a fresh decline from the $0.20 zone against the US Dollar. DOGE is now consolidating losses and might recover if it clears $0.180. DOGE price started a fresh decline below the $0.1880 and $0.180 levels. The price is trading below the $0.1850 level and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.1880 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh decline if it declines below the $0.1680 zone. Dogecoin Price Dips Below Support Dogecoin price started a fresh decline after it failed to clear the $0.20 zone, like Bitcoin and Ethereum. DOGE declined below the $0.1920 and $0.1880 levels. The bears even pushed the price below the $0.1750 level. A low was formed at $0.1687 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $0.2005 swing high to the $0.1687 low. Dogecoin price is now trading below the $0.1850 level and the 100-hourly simple moving average. There is also a key bearish trend line forming with resistance at $0.1880 on the hourly chart of the DOGE/USD pair. Immediate resistance on the upside is near the $0.1760 level. The first major resistance for the bulls could be near the $0.1840 level. It is close to the 50% Fib retracement level of the downward move from the $0.2005 swing high to the $0.1687 low. The next major resistance is near the $0.1880 level. A close above the $0.1880 resistance might send the price toward the $0.20 resistance. Any more gains might send the price toward the $0.2050 level. The next major stop for the bulls might be $0.2120. More Losses In DOGE? If DOGE’s price fails to climb above the $0.1850 level, it could start another decline. Initial support on the downside is near the $0.1685 level and the trend line. The next major support is near the $0.1650 level. The main support sits at $0.1550. If there is a downside break below the $0.1550 support, the price could decline further. In the stated case, the price might decline toward the $0.1350 level or even $0.1320 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.1680 and $0.1650. Major Resistance Levels – $0.1760 and $0.1880.
Dogecoin’s open interest is in focus, with this crucial metric highlighting the amount of interest that the top meme coin is getting at the moment. This comes as DOGE continues to struggle below the psychological $0.2 level, providing a bearish outlook for the meme coin. Dogecoin Open Interest Averages $2 Billion In June Coinglass data shows that Dogecoin open interest (OI) has been hovering around $2 billion since the start of this month. This represents a drop from the open interest recorded in May. DOGE’s OI had climbed to as high as $3.07 billion on May 11 as the meme coin’s price surged to $0.25. Related Reading: Forget Dogecoin At $1: Price Could Rally To $12 If History Repeats Itself This drop in Dogecoin open interest can be attributed to the drop in DOGE’s price since then. The meme coin began the month below the psychological $0.2 level, which has sparked bearish sentiments. Open interest refers to the amount of interest in the derivatives market for a particular asset. As such, a drop in this metric is usually bearish. However, it is worth mentioning that the Dogecoin open interest is still above the monthly average recorded in March and April, during the period when the Trump tariffs caused crypto assets to tumble. Back then, DOGE dropped to as low as $0.14 and was at risk of losing its bull market structure. Crypto analyst BitMonty expects DOGE to bounce back amid this drop in the Dogecoin open interest. In an X post, he said the meme coin is testing the 0.618 Fib retracement and the lower boundary of a falling wedge. He added that this is a high confluence bounce zone, and reversal signs could spark a breakout move soon. BitMonty predicts that DOGE could rally to as high as $0.26420 on this bounce. DOGE Setting Up For A Bullish Reversal In an X post, crypto analyst Trader Tardigrade indicated that the Dogecoin price may be setting up for a bullish reversal. He revealed that DOGE is returning to the previous swing low, while the RSI shows a higher low. The analyst noted that this could lead to a bullish divergence, indicating weakened selling momentum and early signs of a potential reversal to the upside. Related Reading: Dogecoin Price Expected To Reach $3 By EOY As 2021 Cycle Trend Returns In another X post, Trader Tardigrade stated that Dogecoin is expected to experience a significant surge before entering a prolonged falling wedge pullback. Interestingly, his accompanying chart showed that the meme coin could rally to as high as $30. However, this price surge isn’t expected to happen in just this market cycle alone, with the chart highlighting 2029 as the target year to reach this price level. At the time of writing, the Dogecoin price is trading at around $0.18, down over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Dogecoin’s six-month slide may be about to reach its moment of truth, according to independent market commentator VisionPulsed, who told followers on June 4 that the memecoin must vault the long-standing ceiling at roughly $0.40 “either this week or next” if the broader bullish structure is to survive the summer. In a video analysis, the analyst pointed to a second consecutive “blue bar” flashing on Ethereum’s momentum oscillator, a signal he treats as a reliable harbinger of imminent, high-magnitude moves across the digital-asset complex. “The last time we had two blue bars on Ethereum was way back when we were still young and optimistic,” he said, invoking memories of August 2023. “We printed five that time and the market moved sixteen percent. We’re at two now; by Sunday we’ll probably have four, which tells me the move should come next week.” Dogecoin Needs June Rally To Avert Summer Slump Although the blue-bar framework is native to Ethereum, VisionPulsed argued that its read-through for Bitcoin and, by correlation, Dogecoin is more important than ever. He noted that Bitcoin’s own hash-ribbon metric—formed when the network’s 30-day and 60-day hash-rate moving averages compress—has followed a strictly “sell for two weeks, then rally” pattern through the current cycle. “We’ve already been selling off for two weeks,” he said. “Historically in this bull market, that’s when Bitcoin resets and moves higher. If that plays out again, Dogecoin should finally get the lift it’s been denied since February.” Related Reading: June Or Doom: Dogecoin Faces 6 Red Months If It Fails To Surge, Predicts Analyst The crux of his thesis sits on a 70-day timing model derived from Dogecoin’s prior impulse lows. Measuring from the most recent trough, the 70-day mark falls on 14 June. “Every major upswing in Dogecoin during this cycle has come 60 to 80 days after a bottom,” he explained, scrolling through historical candles on screen. “We’re right on that window—if we’re going to break higher, it almost has to be now.” VisionPulsed acknowledged his own track record of slipping deadlines—“one for five hundred,” he joked—but insisted the structure remains statistically sound. “If we don’t rally next week, I’m never putting dates on anything again,” he told viewers, before adding a caveat that has become the headline takeaway. “Dogecoin has to clear $0.40. If we can’t do that, the bear case strengthens dramatically: June down, July probably down, September seasonally weak, and suddenly you’re talking eight red months out of nine.” Pressed by commenters about the depth of a potential downside scenario, the analyst pointed to Ethereum for context. A bullish resolution, he said, could lift ETH to roughly $3,200 before a summer consolidation and possibly $4,200 by early autumn, a path that in his view would drag Dogecoin well north of the $0.40 trigger. Failure, however, “sets up a very large move down, maybe sub-$2,000 on ETH,” a slide that would likely leave Dogecoin retesting multi-month lows. “Whichever way we go,” he concluded, “is going to determine the rest of the summer.” Related Reading: Dogecoin’s Fate Hinges On This Price Level, Analysts Agree The urgency is aggravated by Dogecoin’s mounting sequence of monthly losses: five red candles since January, with only a brief reprieve in April. “Six red months out of seven is staring us in the face,” VisionPulsed said. “June doesn’t have to be a vertical move, but it does have to be green—or at least show a decisive breakout—because otherwise, where is the bull run?” Market structure rather than sentiment, he stressed, underpins the call. Bitcoin already sits near cycle highs while Dogecoin still trades markedly below its own year-to-date peak, a divergence he interprets as latent leverage. “If Bitcoin punches through its local top, it typically drags Doge,” he said, referencing earlier intervals in 2024 when BTC strength eventually translated into delayed but exaggerated moves in the memecoin. Whether that historical choreography can repeat depends, in his framework, on the next few daily closes. “We’re definitely getting more energy built up,” he said, pointing to narrowing Bollinger Bands and declining on-chain activity. “I don’t think the large move is here yet, but by late this week—or early next week at the latest—you should get your answer.” For traders who still believe the four-year cycle remains intact, the analyst’s $0.40 line in the sand arrives almost exactly one calendar year before the next projected Bitcoin top in October 2026. “If Doge can’t start moving now, the entire timing model gets pushed off course,” he warned. “I genuinely think June is a make-or-break month.” At press time, DOGE traded at $0.189. Featured image created with DALL.E, chart from TradingView.com
Following the Bitcoin price sweep down below the $104,000 level over the weekend, the Dogecoin price was pushed back down below $0.2 once again. This move understandably shocked the community as the $0.2 has held for a long time. However, using the 4-hour order block (OB), a crypto analyst has explained what is going on with the Dogecoin price, why the decline happened, and where it could be headed next. Dogecoin Price Experienced A Liquidity Sweep Crypto analyst Smart Flows, on the TradingView website, pointed out an interesting development on the Dogecoin price chart. This showed a clear delineation for why the meme coin’s price dropped below the $0.2 psychological support level, and it came down to something as clean as a liquidity sweep. Related Reading: Ethereum Price Headed For Crash To $2,000 With Current Price Action The crypto analyst uses the 4-Hour order block on the Dogecoin price chart to explain this, starting just above the $0.22 price level. This saw a liquidity sweep through the Fair Value Gap (FVG) at the 0.5 Fibonacci level, breaking through the $0.2 support. This move, Smart Flows explains, was in no way emotional and was more of a ‘mechanical’ move, suggesting it was engineered to happen. The outcome of this liquidity sweep is that there has now been a reset of sentiment surrounding the Dogecoin price, setting the stage for a potential reversal. If this is the case, then Dogecoin may be sitting on the cusp of what could be the next major rally above $0.2. What To Expect Next From Here According to the crypto analyst, Dogecoin is now sitting in a 4-Hour demand order block zone that is in confluence with the Fair Value Gap (FVG) above $0.2. This makes the $0.20928 level the first “key reaction point,” and the analyst points out two possibilities for the meme coin here: either the price continues to stall or consolidation begins at this level. Related Reading: Crypto Analyst Says XRP Community Should Pay Attention To June 4-6, Here’s Why Basically, the Dogecoin price has to be able to beat the first major test at $0.209 before moving higher from here. This means it must complete a clean clearance of the FVG to grab liquidity above. After this, the real test begins at $0.22094, where the next major 4-Hour order block sits. The analyst explains that being able to clear the FVG will mean a continuation model is in play. However, there is still the possibility that the Dogecoin price is rejected before it is able to clear the FVG above $0.2. In this case, it could signal a further downtrend for the altcoin. “If we reject early — that tells me distribution is starting, and I’ll prep for a secondary sweep below 0.18 to retest the deeper 4H OB near 0.16387,” the analyst concluded. Featured image from Dall.E, chart from TradingView.com
Wrapped versions of the tokens represent the original assets and offer compatibility with Base's protocol and decentralized finance applications.
Meme token struggles to reclaim $0.19 threshold as bearish sentiment persists despite signs of potential recovery.
Dogecoin (DOGE) is teetering on a critical edge as price action tightens within a descending triangle pattern, hinting at rising bearish pressure. The meme-inspired cryptocurrency has entered a phase of low volatility and narrowing price movement, a classic sign of market indecision that often precedes a significant breakout or breakdown. With the 200-period moving average applying dynamic resistance from above and horizontal support showing signs of strain, DOGE’s technical landscape suggests a potential collapse could be on the horizon if buyers fail to defend key levels. Price Coils Within Bearish Formation Ahead Of Potential Breakout Market analyst Thomas Anderson, in a recent post on X, pointed out that “DOGE is consolidating within a descending triangle pattern on the M30 timeframe,” signaling a period of indecision. This chart pattern, often seen in bearish continuations, is characterized by a flat support base with lower highs pressing from above. As Dogecoin trades deeper into this structure, the probability of a breakout, either upward or downward, is increasing with each narrowing move. Related Reading: Dogecoin’s Fate Hinges On This Price Level, Analysts Agree Anderson further explained that DOGE is “currently testing the upper resistance around $0.19998,” a key level that has capped recent bullish attempts. This resistance aligns with the descending trendline of the triangle and is strengthened by the 200 MA (red line), acting as dynamic resistance. The presence of the 200-period moving average at this level adds extra weight to the upper line, making any potential breakout attempt more challenging for the bulls in the near term. Until price action breaks decisively in either direction, DOGE remains locked in a tightening range. For now, Anderson’s observations underline the importance of this technical structure, as DOGE nears a critical inflection point. Triangle Compression Builds Tension For Dogecoin The analyst further emphasized that momentum appears to be weakening as Dogecoin’s price action tightens near the apex of the descending triangle. According to the expert’s observations, the 1-hour chart reinforces this broader consolidation phase, showing a clear compression of price within the pattern. This type of setup often leads to an explosive move once the market chooses a direction. Related Reading: Dogecoin Price Resistance In View: Why The Key Lies At $0.25 A confirmed breakout above the $0.19998 resistance could pave the way for a short-term bullish run, with higher targets potentially opening up if volume supports the move, potentially invalidating the bearish triangle pattern. However, failure to breach this resistance level may reinforce the bearish structure, increasing the likelihood of a pullback toward the lower triangle support around $0.19010, a critical area where buyers previously stepped in. Featured image from Getty Images, chart from Tradingview.com
Dogecoin is approaching a decisive inflection point, according to crypto-market commentator VisionPulsed. Throughout his latest analysis he argued that the coming fortnight must deliver an upside resolution—otherwise the meme-coin risks locking in a sequence of red monthly closes that would echo bear-market conditions. Dogecoin On The Brink Of 6-Month Meltdown The analyst anchored his outlook to several recurring signals on Dogecoin’s multi-time-frame charts. “We’re going to get a large move in June. It’s going to happen. The question is, is it up or down?” he began, pointing to the Bollinger Band Width Percentile (BBWP) squeezing toward levels that historically precede violent price expansion. In his view, the compression cannot last beyond the next two weekly candles: “BBWP is screaming that we’re about to get something … probably this week; if not this week, then next week.” Related Reading: Dogecoin’s Fate Hinges On This Price Level, Analysts Agree VisionPulsed balanced that volatility warning against a newly triggered hash-ribbon buy signal—a metric generated when network hashrate recovers after miner capitulation. “We’ve been making the case that in this bull run, when we have gotten the weekly buy signals, the market actually went down and then it went up,” he explained. The fractal, observed twice since 2024, invited cautious optimism that the latest cross could again invert short-term weakness into a rally: “If history is going to repeat itself, we should go down, which we did … and I would make the case that we really should hopefully get a move up in June.” Yet momentum oscillators threaten that scenario. On his two-day chart the stock-RSI has curled lower for the first time since last year. “This may be the first time we print the overbought RSI and don’t go up,” he conceded, warning that a failure to rebound quickly would undermine the hash-ribbon signal and oblige traders “to get tucked in and go to sleep because it’s just always bearish.” Related Reading: Dogecoin Just Hit Its Final Support—Bulls Have One Last Shot Timing is equally unforgiving. VisionPulsed framed Dogecoin’s rallies inside a 70-to-80-day cycle measured from major swing lows; the current window expires in mid-June. “Technically 70 days would be the second week of June, which we’re in that box right now,” he said. “If we don’t actually go up in June, then it is worrisome,” because history suggests that a bearish June would bleed into July and August, while September is “always bearish,” producing what he dryly labels a “one-month bull run.” He added that macro cross-currents raise the stakes. “The S&P 500 is starting to get close to the all-time high,” he noted, suggesting that a decisive move in equities could tip crypto sentiment. At the same time Dogecoin continues to carve incrementally higher lows, a constructive but fragile pattern that now collides with the expiring cycle window: “If we’re actually bullish, we kind of got to go.” For traders the message is binary. A breakout to the upside in the next ten trading days would validate the hash-ribbon cross, keep the rising-lows structure intact, and reset sentiment after what the analyst counts as “six out of seven red months” in the making. Failure, on the other hand, risks cementing a “bearish spiral” that could dominate the rest of the summer and revive memories of genuine bear-market grind. As VisionPulsed put it while signing off: “We’re definitely at an inflection point. The potential energy is building up.” At press time, DOGE traded at $0.1958. Featured image created with DALL.E, chart from TradingView.com
Meme coin shows surprising resilience amid broader market uncertainty, suggesting a potential hedge against volatility.
Dogecoin started a fresh decline from the $0.2250 zone against the US Dollar. DOGE is now consolidating losses and might recover if it clears $0.20. DOGE price started a fresh decline below the $0.220 and $0.20 levels. The price is trading below the $0.20 level and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $0.1910 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh increase if it clears the $0.20 resistance zone. Dogecoin Price Holds Support Dogecoin price started a fresh decline after it failed to clear the $0.2450 zone, unlike Bitcoin and Ethereum. DOGE declined below the $0.220 and $0.20 levels. The bears even pushed the price below the $0.1920 level. A low was formed at $0.1855 and the price is now consolidating losses. There was a minor increase above the 23.6% Fib retracement level of the downward move from the $0.2279 swing high to the $0.1855 low. Dogecoin price is now trading below the $0.20 level and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $0.1910 on the hourly chart of the DOGE/USD pair. Immediate resistance on the upside is near the $0.20 level. The first major resistance for the bulls could be near the $0.2060 level. It is close to the 50% Fib retracement level of the downward move from the $0.2279 swing high to the $0.1855 low. The next major resistance is near the $0.2120 level. A close above the $0.2120 resistance might send the price toward the $0.2250 resistance. Any more gains might send the price toward the $0.2340 level. The next major stop for the bulls might be $0.250. More Losses In DOGE? If DOGE’s price fails to climb above the $0.20 level, it could start another decline. Initial support on the downside is near the $0.1910 level and the trend line. The next major support is near the $0.1850 level. The main support sits at $0.1720. If there is a downside break below the $0.1720 support, the price could decline further. In the stated case, the price might decline toward the $0.1650 level or even $0.1550 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.1910 and $0.1855. Major Resistance Levels – $0.2000 and $0.2060.
Dogecoin is probing its most-contested price shelf of 2025, and two respected technicians— Cantonese Cat (@cantonmeow) and ANBESSA (@Anbessa100)—have reached the rare point where their short-term and high-time-frame road maps overlap almost perfectly. Dogecoin Just Hit Its Make-Or-Break Zone Cantonese Cat’s daily chart, published late on June 2, highlights a turquoise demand band stretching from $0.1850 to $0.1950. That ribbon has flipped roles repeatedly since February: first cushioning the price action in late-February, and then capping March and April’s rebounds. Related Reading: Dogecoin Just Hit Its Final Support—Bulls Have One Last Shot After last week’s four-day decline, three successive bodies have closed inside the rectangle while intraday wicks penetrated its floor—forming what the analyst dubbed a “trident bottom”. As Cantonese Cat put it: “It’s not a tweezer bottom; it’s a trident bottom to test demand. Now let’s see if $DOGE forks it all up from here.” A daily close above the upper edge would re-expose the early-May breakdown gap at $0.1950–0.2150; a decisive slip beneath $0.1850 would bring the April low near $0.13 back into contention. Parabolic Curve Continues To Predict All-Time High ANBESSA’s one-day schema—also dated June 2—places the same price action in a fifteen-month context. The chart begins with the September 2024 spot entry at roughly $0.09 and follows an explosive rally that carried Dogecoin 413% higher, a move annotated as 0.3892 on the graph. What followed was a three-wave retracement that unwound 73% of that advance, then a counter-trend rally of 70.22% to $0.2597. From ANBESSA’s perspective, the current sell-off is a textbook correction to the 0.382 Fibonacci retracement of the entire move at $0.1412, intersecting both the rising parabolic guide-curve and the 99-day moving average (red). “Still perfectly in sync with my projection… a clean 80 % bounce, followed by a textbook throwback to the 0.5 fib and 99 MA Daily (parabola retest), exactly as projected. In a bull market, dips are made for buying,” the analyst wrote, adding the reminder to keep “HTF risk-management below POC.” Related Reading: Dogecoin Price Forms Inverse Head And Shoulders Pattern To Suggest Quick Reversal To $0.25 Volume-profile bars on the right side of ANBESSA’s chart emphasise why both traders care so much about the twenty-cent neighbourhood: the point of control (POC) sits just above $0.20, framing the single deepest pocket of historical trading interest since 2024. Above that pivot, the next Fibonacci magnet is the 0.618 level at $0.2686, immediately followed by an ascending trendline near $0.28. Notably, this region is dense with resistance as another descending trend-line drawn from the December-January highs sits around $0.29-$0.30. A successful break of this zone would project to the heavy‐volume shelf at $0.3498 and, further out, the 0.786 retracement at $0.4245. Conversely, failure at the current confluence would expose the 0.382 retracement at $0.1412, with an intermediate control zone flagged on ANBESSA’s chart at $0.1625. Momentum is neutral for now: the Triple-MA ribbon (7-, 21-, 99-day) on ANBESSA’s chart has compressed, and daily RSI (not shown) hovers in the mid-40s. In other words, price alone will settle the debate. Cantonese Cat’s microstructure “trident” and ANBESSA’s macro-structure “throw-back” both place the battleground inside the same cent band. Whether Dogecoin has in fact printed its correction low will be revealed by what traders do— and just as crucially, where the next daily candle closes—in that $0.1850–$0.1950 corridor. At press time, DOGE traded at $0.196. Featured image crated with DALL.E, chart from TradingView.com
Meme coin breaks key resistance levels amid increased trading volume and potential institutional accumulation.
Despite trade tensions and an avalanche of liquidations rattling global markets, Bitcoin’s resilience suggests underlying strength.
Dogecoin begins June balanced on the knife-edge of a major technical fulcrum, its next decisive swing likely to be dictated by a narrow band of support that both Kevin (@Kev_Capital_TA) and Cantonese Cat (@cantonmeow) have brought into sharp relief. Dogecoin Showdown At $0.19 On Kevin’s daily view the focus is the $0.1901–$0.1839 corridor. The zone is not arbitrary: it is anchored by the 50 percent Fibonacci retracement of the explosive May 11 surge ($0.2597) and is buttressed overhead by the 0.618–0.65 retracement cluster at $0.1976 and $0.2005. Related Reading: Dogecoin Forms Ascending Triangle On Daily Chart, Here’s The Target Friday’s long red candle sliced through the Ichimoku conversion line and halted within a whisker of that 0.50 fib, producing the first genuine retest of the newly minted floor. A daily close below would expose the 0.382 marker of the same leg at $0.1694 and, beyond that, the lower rail of the multi year-long descending trend line now angling toward the $0.14s later this month. Conversely, a sustained bid inside the band would confirm it as the staging ground for another upside attempt toward the 0.703 extension at $0.2117. Cantonese Cat’s analysis frames the identical area as the neckline of an inverse head-and-shoulders carved out over three months. The mid-March swing low formed the left shoulder, the early-April capitulation produced a deeper head, and the early-May trough completed the right shoulder. The neckline—shaded turquoise between roughly $0.187 and $0.194—was pierced decisively on May 9, after which price has drifted back for a textbook throw-back retest. Holding the neckline keeps the reversal intact; slipping beneath it would void the pattern and hand momentum back to bears. Long-Term DOGE Outlook Remains Bullish A broader perspective comes from Cantonese Cat’s monthly chart, where Dogecoin has printed seven straight inside the $0.16 to $0.42 range. That compression appears within a primary bullish trend defined by successive higher highs (May 2024 and November 2024) and higher lows (August 2024 and April 2025). Related Reading: Dogecoin Enters Danger Zone — Chartist Predicts Sharp Drop Ahead Inside-bar squeezes of this length rarely remain dormant: statistically the break often travels a distance comparable to the range of the parent candle—about 26 cents in this case—once either side wrests control. Until that break arrives, the $0.16 floor and the $0.42 ceiling of November’s wick delineate the outer limits of consolidation. Resistance overhead remains layered. Should buyers defend the neckline and reclaim the $0.20 handle, Kevin’s $0.2117 extension becomes the first waypoint. Beyond lies the $0.25–$0.26 band, which capped May’s rally. A clean move through that shelf would almost certainly signal that the monthly compression has resolved higher and put the $0.29 figure line on the radar. For now, however, the market’s field of vision has narrowed to a stripe barely one cent wide. It is here—between $0.190 and $0.184—that the memecoin’s inverse head-and-shoulders neckline meets Kevin’s critical Fibonacci shelf. As the analysts agree, Dogecoin’s immediate fate hinges on whether that ledge holds or crumbles in the days ahead. At press time, DOGE traded at $0.19211. Featured image created with DALL.E, chart from TradingView.com
A general decline, profit-taking, and renewed tariff fears over the past few days are doing little to dent the long-term optimism of traders.
The price action of Dogecoin in the past 48 hours have seen it finally break below the $0.2 mark after a whole week of bullish investors trying to hold above the $0.22 support level. However, this break below the $0.22 support has cascaded into a string of selloffs that eventually pushed Dogecoin below $0.2. The mood was further complicated by a recent on-chain development of a massive inflow of Dogecoin into crypto exchange Coinbase that has raised eyebrows across the crypto community. Related Reading: No Room For Doubt: Analyst’s $900K Bitcoin Forecast Follows Familiar Script 312 Million Dogecoin Moved Into Crypto Exchange Coinbase According to data from blockchain monitoring platform Whale Alert, three large Dogecoin transactions were recorded in rapid succession, each involving 104,125,016 DOGE valued at approximately $20.09 million. These transfers were sent from three different wallets to the Coinbase exchange, bringing the total moved to 312,375,048 DOGE, worth over $60 million at the time of the transaction. ???? 104,125,016 #DOGE (20,090,304 USD) transferred from unknown wallet to #Coinbasehttps://t.co/ZHkkBkN9Bm — Whale Alert (@whale_alert) May 31, 2025 ???? 104,125,016 #DOGE (20,090,304 USD) transferred from unknown wallet to #Coinbasehttps://t.co/4x6lIhHDSk — Whale Alert (@whale_alert) May 31, 2025 ???? 104,125,016 #DOGE (20,090,304 USD) transferred from unknown wallet to #Coinbasehttps://t.co/6G8vEk2Hnj — Whale Alert (@whale_alert) May 31, 2025 Although the wallets are technically separate, their identical balances, timing, and synchronized movement strongly suggest they are controlled by a single entity. On-chain history reveals that these wallets started receiving Dogecoin in October 2021, five months after the cryptocurrency reached its all-time high of $0.7316 in May 2021. Fresh inflows were added again in 2022, but since then, there had been little to no incoming activity. Furthermore, these addresses haven’t had any outgoing activity since their creation, until now. This makes the recent transfers not only unusual but significant, as it marks the first time these tokens are being moved out and directly to an exchange. Brace For Impact? What This Means For DOGE Price The immediate concern for investors is whether these transfers is the precursor to an impending selloff. Sending over 312 million DOGE to Coinbase could be interpreted as a move to liquidate, especially if the whale behind these wallets intends to take profits after holding the asset dormant for nearly two years. Such a sale will introduce substantial selling pressure to Dogecoin, which is already currently struggling to get market demand to absorb selling pressure. On the other hand, not all large transfers to exchanges indicate bearish intent. There is a realistic possibility that the wallets are not externally owned but rather belong to Coinbase itself. In that case, the transfers may simply represent internal restructuring or cold-to-hot wallet reallocation, which poses no threat to price action. At present, there is no conclusive evidence confirming either scenario, and the uncertainty is enough to keep retail Dogecoin traders on alert. Related Reading: Panama Canal Could Prioritize Bitcoin-Paying Ships, Mayor Suggests Interestingly, Dogecoin’s price might already be showing strong volatility in response to the movement. At the time of writing, Dogecoin was trading at $0.188, down by 0.35% and 14% in the past 24 hours and seven days, respectively. Featured image from Unsplash, chart from TradingView
A crypto analyst has forecasted a potential 1,000% rally for the Dogecoin price by the end of the year, suggesting that the leading meme coin could not only reach the coveted $1 milestone but blast past it to $2. While this target may seem bold, especially with Dogecoin still trading below $0.5, the analysis is backed by a compelling combination of historical price behavior, market structure, and accumulation patterns. Related Reading: $400K Bitcoin? Analyst Says It’s Not A Dream—It’s ‘Coded’ Dogecoin Price Targets $2 By Year’s End According to a 2-day chart analysis published by crypto market expert ‘Setupsfx_‘ on TradingView, Dogecoin has been navigating a textbook accumulation phase reminiscent of previous cycles that preceded explosive price surges. Based on this distinct historical price behavior, the analyst is boldly predicting a major breakout, anticipating a 1,000% rally that could allow the meme coin to smash through $2 by the end of the year. Using the Wyckoff theory as a foundation, the TradingView expert presented a chart illustrating a clear structure of accumulation, distribution, markdown, and markup—- all of which have played out in past market movements. The chart shows that Dogecoin followed a typical Wyckoff accumulation in its early 2021 cycle, where it traded sideways and spent months consolidating in a defined range. This range, indicated by the blue box on the chart, has been highlighted as a key buy zone between roughly $0.12 and $0.16. Notably, this key zone is the final area where the Dogecoin price could be revisited before launching higher. A return to this range would complete the historical price structure and present an ideal entry point before the markup stage begins. Currently, Dogecoin has concluded its markdown phase and is approaching the final stages of accumulation, paving the way for a potential bullish breakout. If price action continues to respect this historically bullish roadmap, Setupsfx_ forecasts that Dogecoin could gradually move higher over the coming months. By late 2025, this could culminate in a full-blown rally to $2, a level that represents approximately 1,000% upside from current prices. While the TradingView analyst maintains a bullish stance on Dogecoin’s outlook, he has tempered expectations, cautioning that the journey to $2 isn’t expected to be linear. Dogecoin could still face volatility, retracement, and psychological resistance around levels like $0.25, $0.5, and $1, which could slow down its climb. A Push Above $3 Still In The Cards Crypto analyst Trader Tardigrade on X (formerly Twitter) is even more bullish on Dogecoin’s future price, projecting a potential rally to $3.8. This optimistic forecast is supported by the emergence of a bullish Ascending Broadening Wedge pattern on Dogecoin’s weekly chart. Six key touch points confirm the pattern, labeled A through F, within a widening channel indicated on the price chart. The critical level to watch is the $0.47 resistance level, marked by the previous high around point E. Related Reading: $10 Million Fix? SUI Network Moves Fast After Cetus Exploit Scare A confirmed breakout above this level could validate the wedge and potentially trigger a significant price surge. Based on the measured move from the wedge’s widest point, the analyst highlights a projected path to $3.8, representing a massive 2,011% surge from current prices around $0.18. Featured image from Unsplash, chart from TradingView
Dogecoin (DOGE), the number one meme coin, is making headlines once again, and this time, it’s due to the sudden formation of an Ascending Triangle pattern on its daily chart. This promising technical setup has caught the eye of a crypto analyst, who now forecasts an imminent bullish breakout that could propel DOGE to higher prices. Dogecoin Prepares For Solid Breakout To $0.285 A fresh analysis posted on X (formerly Twitter) by market expert Trader Tardigrade suggests that Dogecoin has established a clear Ascending Triangle structure on the daily timeframe. This pattern, characterized by a rising support trendline and a relatively flat resistance zone, typically signals a bullish continuation if a cryptocurrency successfully breaks above resistance. Related Reading: Dogecoin Price Breaks Out Of Bearish Trendline And Enters Ascending Channel Headed For $0.3 Interestingly, the appearance of this chart formation has prompted the analyst to issue a bullish forecast, expecting Dogecoin to target the $0.285 price level once it breaks out of the triangle. Trader Tardigrade’s chart indicates that Dogecoin has already completed four key touches with the triangle — two on the ascending support and two on the upper boundary of the pattern. A fifth touch appears to be forming, setting the stage for a possible breakout. As a result, the crypto analyst predicts that, upon breaking above resistance, Dogecoin could rally toward the $0.285 level, highlighted by the ascending purple arrow. While DOGE’s price action remains within the Ascending Triangle, for now, Trader Tardigrade watches as the meme coin tests the upper boundary. If momentum holds and volume supports this move, Dogecoin could see a 42.5% jump from its current price of $0.206. Converging Wedge Support DOGE Bullish Outlook Backing Trader Tardigrade’s bullish forecast of a potential short-term rally to $0.285 is a converging wedge pattern on the Dogecoin H4 chart. This chart formation typically signals a period of price compression before a breakout. Related Reading: Dogecoin Price Could Surge Further As Demand Grows, But This Trendline Holds The Key The analysis shows that Dogecoin is trading within two gradually narrowing trendlines—one sloping downward, acting as resistance, and the other sloping upward, providing solid support. DOGE’s price has respected these boundaries over multiple sessions, bouncing between them as it consolidates. Trader Tardigrade noted that Dogecoin is currently sitting right on the support line, a critical juncture that could determine its next major move. The current wedge structure also suggests that bulls may soon take the upper hand, as the projected path drawn on the chart outlines a possible minor retest before a bullish breakout. This breakout would ultimately push the Dogecoin price beyond the upper resistance line, potentially driving it past the $0.285 level and toward $0.29. The peak of the large green arrow on the price chart reflects this projected rally, hinting at renewed upward momentum for DOGE. In the meantime, all eyes are on the support line as Dogecoin coils tightly within this narrow range. Featured image from Getty Images, chart from Tradingview.com
Dogecoin tumbles over 10% in a midnight sell-off, with high trading volumes and a potential double-bottom pattern hinting at possible stabilization.
A fast-moving legal reversal saw the U.S. Court of Appeals for the Federal Circuit issue a temporary stay on Wednesday’s lower court ruling that had struck down the tariffs.
Dogecoin has flipped into negative price territory in a seven-day timeframe, with the meme coin currently down by 6.11% in the past seven days. However, this price action has led to the emergence of a bullish pattern on the 1-hour candlestick timeframe chart. The constructive formation follows a corrective drop that briefly pushed Dogecoin to $0.215, but recent trading sessions have seen higher lows and firmer support levels. This, in turn, has led to the formation of an inverse head and shoulders pattern that points to quick bullish targets for the Dogecoin price. Analyst Identifies Inverse Head And Shoulders Pattern Crypto analyst Klejdi Cuni posted a technical outlook on social media platform X, highlighting an inverse head and shoulders pattern on the DOGE/USDT chart on the 1-hour candlestick timeframe. The setup consists of three distinct troughs, with the central one being the deepest and forming on May 25th. The right shoulder, on the other hand, formed between May 23 and May 24, bringing rise to what could be interpreted as a short-term bullish reversal. Related Reading: Dogecoin Price Breaks Out Of Bearish Trendline And Enters Ascending Channel Headed For $0.3 According to the analyst, this particular inverse head and shoulders is a smaller-scale formation, making it more relevant for short-term traders looking for quick movements. At the time of writing, Dogecoin is still in the process of completing the left shoulder, as it is now testing the neckline resistance around $0.228. A breakout above this neckline level with enough volume confirmation could trigger a swift move upwards. Short-Term Upside Targets For Dogecoin If the bullish inverse head and shoulders setup unfolds as expected, the analyst predicted a Dogecoin price surge first toward the $0.239 zone. This level acted as a support level for many hours on May 22, before eventually breaking down and acting as resistance during a brief upward attempt in the late hours of May 23. As such, this area would be important to note, as a successful breach would then open the door to the next target. Related Reading: Crypto Analyst Says Dogecoin Price Is Setting Classic Move To $0.5 If This Level Breaks The next short-term price target if Dogecoin successfully clears $0.239 is at $0.25. Though modest in comparison to some of the more aggressive long and medium-term projections, this level is important for a different reason. A rally to $0.25 would be a full recovery to Dogecoin’s most recent local peak in May. This, in turn, could be the start of a rally continuation to higher price levels toward $0.3 and beyond. The chart projection above outlines a step-wise movement where the breakout leads to immediate upside action, followed by consolidation before a secondary leg pushes the Dogecoin price to $0.25. However, as with any pattern, confirmation is important. Failure to hold the breakout zone or a breakdown below the right shoulder, which is currently around $0.222, would weaken the bullish outlook and could lead to a retest of $0.21. At the time of writing, Dogecoin is trading at $0.2245. Featured image from Getty Images, chart from Tradingview.com
With the month of May drawing to a quick close, it looks like the Dogecoin price is about to end its second month in a row in the green. This has come as a welcome surprise in a month where expectations were that the market would continue to go down. However, this means that Dogecoin is about to enter what has historically been the worst month since its inception, with more red closes than green. Why The Dogecoin Price Could Go Down In June The month of June has been known to be very bad for the Dogecoin price, and this has been the case for most of the last 11 years. In more than a decade, the Dogecoin price has only closed out the month of June in the green twice, and this was back when it was still a rather new cryptocurrency. Related Reading: Forget Dogecoin At $1: Price Could Rally To $12 If History Repeats Itself As data from the CryptoRank website shows, the only years that the month of June has ended in the green for Dogecoin have been 2015 and 2016. Before that, June 2014 had closed in the red, with a loss of 21.4%, and after 2016, Dogecoin had racked up losses for the month of June every single year. From 2017 to 2024, Dogecoin has ended the month of June in the red every single time without fail. June 2017 ended in -2.38%, June 2018 ended in 27.2%, June 2019 ended in -4.36%, June 2020 ended in -9.94%, June 2021 ended in -23.9%, June 2022 ended in -23.3%, June 2023 ended in -7.18%, and June 2024 ended in -21.9%. Looking at the pattern here, it shows that even during bullish years, the month of June has not failed to end in losses for Dogecoin. Going by this established trend, it is not far off to expect the Dogecoin price to actually fall in the new month. With an average return of -7.34% over the years, making it the worst month in terms of returns for the meme coin, a decline could be in the works for the cryptocurrency. What To Expect From Here According to the machine learning algorithm at CoinCodex, the month of June may end up deviating from its established pattern. At the start, it does show a possible decline, expecting the price to fall below $0.22. However, as the month progresses, it is expected to turn around. Related Reading: Bitcoin Price Bounces Off Re-Accumulation Zone: Why $120,000 Could Be Next The one-month prediction puts the Dogecoin price above $0.26, which is a 17.67% increase from the current price. Toward the end of the month, the machine learning algorithm puts the meme coin as high as $0.28, which is a more than 20% increase. Featured image from Dall.E, chart from TradingView.com
Elon Musk has confirmed his exit from DOGE, closing a divisive chapter marked by cost-cutting claims and political backlash.
Dogecoin may be gearing up for its next big move, and technical traders are starting to take notice. After a period of consolidation and choppy price action, a potentially powerful pattern is beginning to emerge on the charts, one that has historically preceded strong reversals in trend. The formation in question is the inverse head and shoulders pattern, a classic bullish setup that often signals the end of a downtrend and the start of a new upward phase. This development comes at a time when market sentiment around meme coins is beginning to stir once again, adding fuel to speculation that DOGE could be on the verge of something bigger. Bullish Formation Emerges: Is a Dogecoin Reversal in Play? Klejdi Cuni, in a recent post on X, highlighted a bullish setup forming on Dogecoin’s chart. According to his analysis, DOGE appears to be shaping an inverse head and shoulders pattern, a well-known technical formation often seen as an early indication of a trend reversal. Related Reading: Dogecoin Enters Danger Zone — Chartist Predicts Sharp Drop Ahead According to the analyst, the inverse head and shoulders pattern forming on Dogecoin’s chart is a short-term setup, primarily due to its smaller scale and limited time frame. While it may not signal a long-term trend reversal just yet, it still holds significance. The key level to watch is the neckline. A decisive break above this resistance line would confirm the pattern and significantly boost the chances of a bullish continuation. This breakout could ignite renewed buying interest, as momentum shifts in favor of the bulls. The analyst emphasized that such a move would be a clear indication of strength, especially after a period of consolidation or downward pressure. As reflected in the chart, this setup could mark the beginning of a fresh upward phase for DOGE, if the price action follows through as anticipated. A Rebound To $0.25 Highlighting potential price levels in the event of an upside breakout, analyst Klejdi Cuni identified two key upside targets for Dogecoin: $0.2390 and $0.2500. These levels, according to Cuni, may act as significant milestones if the price breaks above the neckline. Related Reading: Dogecoin Weekly Chart Shows Bitcoin-Like Movements That Could Trigger Massive Rally The $0.2390 target represents an immediate hurdle where some profit-taking or consolidation could occur. Surpassing that, the $0.2500 level stands as a more ambitious objective, one that would mark a substantial recovery for DOGE and rekindle broader bullish sentiment in the market. While these targets are conditional on a confirmed breakout, they reflect areas of interest based on previous price action and technical resistance zones. It is essential to closely monitor volume and momentum indicators as the price approaches the neckline, as these will likely play a critical role in validating the breakout and the path toward these targets. Featured image from Getty Images, chart from Tradingview.com
Dogecoin is currently trading around critical levels, consolidating just below the key $0.25 resistance zone. After a period of relative calm, momentum is beginning to build as bullish sentiment returns to the altcoin market. With Bitcoin holding near all-time highs and Ethereum pushing higher, analysts are calling for the start of a long-awaited altseason—and Dogecoin is showing early signs of participation. Related Reading: Ethereum Nears Critical Price Level – Reclaiming $3,000 Would Spark A Market-Wide Rally Price action has remained constructive, with DOGE defending higher lows and gradually tightening within a key range. Now, traders are closely watching for a breakout above the $0.25 level, which could unlock the next phase of upside. Adding to the optimism, top analyst Ali Martinez shared a technical signal worth noting: the TD Sequential indicator has flashed a buy signal on Dogecoin’s hourly chart. Historically, this pattern has preceded short-term rebounds and local trend reversals, especially when confirmed near key support zones. As sentiment improves and capital begins rotating into high-beta altcoins, Dogecoin appears well-positioned for a potential move. If bulls can push through resistance and validate the TD signal with follow-through volume, DOGE may quickly retest higher levels last seen during early-year surges. The coming sessions could be pivotal. Dogecoin Consolidates As Buy Signal Hints At Incoming Breakout Dogecoin is showing signs of renewed strength, consolidating within a key range between $0.21 and $0.25. After a powerful surge of over 90% since early April, DOGE has cooled off slightly, but remains firmly within bullish territory. The recent price action has been marked by steadily higher lows and a tightening range structure, suggesting that the asset is gearing up for its next major move. The $0.25 resistance remains a critical level to watch. A confirmed breakout above this zone could open the door to a more aggressive rally and shift market sentiment decisively in favor of the bulls. However, momentum has slowed in recent days, and global macroeconomic uncertainty—particularly surrounding inflation and interest rate expectations—continues to weigh on risk assets across the board. Despite these challenges, optimism persists. Martinez recently pointed to a TD Sequential buy signal that has appeared on the 1-hour chart for Dogecoin. This indicator, known for predicting trend reversals and short-term impulses, tends to be particularly effective when it flashes during consolidation phases like the current one. If confirmed, the signal could provide the spark needed to push DOGE back toward the $0.25 resistance—and potentially beyond. For now, bulls must continue to defend the $0.21 support level while looking for momentum to build above the current range. If broader market conditions remain favorable and DOGE can reclaim $0.25 with volume, a new leg higher may follow. Until then, the setup remains constructive, with strong technical support and early signals pointing toward a possible breakout. Related Reading: Solana Funding Rates Turn Negative – Early Sign Of Selling Pressure? DOGE Consolidates Below Resistance Dogecoin (DOGE) is currently trading at $0.222, consolidating after a strong rally in early May. The chart shows price holding within a tight range between $0.21 and $0.25, with the $0.25 level acting as strong resistance. Despite recent pullbacks, DOGE continues to trade above its key moving averages, signaling that bullish structure remains intact in the short term. The 34 EMA (green) at $0.2112 is providing dynamic support, while the 50 SMA (blue) at $0.1929 reinforces a solid base just below. The 200 SMA (red), currently at $0.2714, is the next significant resistance if DOGE breaks out above $0.25. Volume has decreased slightly during this consolidation, a typical sign of a market pausing before a potential breakout or breakdown. The lack of aggressive selling pressure suggests that bulls are still in control, but need renewed momentum to challenge and reclaim the $0.25 level. Related Reading: Bitcoin UTXO Signal Approaches 99% Level – Bullish Signal Or Profit-Taking Setup? A clean break and close above $0.25 would likely confirm the continuation of the bullish trend, potentially targeting the $0.28–$0.30 range. However, failure to hold above $0.21 could open the door for a retest of deeper support near the 100 SMA. For now, DOGE remains in a constructive holding pattern. Featured image from Dall-E, chart from TradingView
Dogecoin has yet to hit its previous $0.74 all-time high from 2021, but nevertheless, $1 has remained the target for the altcoin this cycle. This is due to the expectation of another altcoin season that could send the price on a similar run that was seen in 2021. However, if the Dogecoin price were to actually see a repeat of what happened in the past two previous bull cycles, then the $1 mark may only be a starting point, given how high the price could go. Dogecoin Price Mirroring Past Cycles Crypto analyst Trader Tardigrade has noticed an eerily similar pattern on the Dogecoin price chart that could suggest a rapid upward movement is coming. This pattern is similar to what was seen in the last two bullish cycles, right as the meme coin’s price was preparing for lift-off. Related Reading: Cardano: Elliot Wave Predicts 50% Crash For ADA Price, Is It Time To Get Out As the chart shows, this pattern first emerged leading up to the bullish rally in 2017. It starts out a couple of years before as the altcoin’s price makes lower peaks and then trends down for a retest. After this, there is a period of consolidation before the trend is broken and an upward rally begins. In the 2017-2018 bull market, this pattern saw the Dogecoin price rally by more than 2,000%, going from below $0.00018 to above $0.0075 in a matter of months. Then again, in the 2020-2021 bull market, a similar pattern had formed right before the rally, ending in a breakout from consolidation. Interestingly, this time around, the resulting breakout was even more prominent, with the meme coin’s price rising by more than 30,000%. This saw a range from below $0.002 to above $0.73 in a matter of months. This is still the highest level that the Dogecoin price has reached so far. Once again, a similar pattern has emerged, and it looks like Dogecoin is on the brink of the next breakout. Going by the previous cycle performances and the steady uptrend, it is possible that the current breakout will see a higher ROI than previous cycles. But, there are now market cap constraints on how high the meme coin can go. Related Reading: Here’s Why Hyperliquid Hit New ATH At $39 And Why It Could Continue Nevertheless, even if the Dogecoin price were to manage a similar rise like the 2017-2018 cycle, the price would reach $4 minimum from here. Going by the crypto analyst’s chart, though, he expects the Dogecoin price to actually cross the double-digit threshold, putting it as high as $12. However, given Dogecoin’s high supply sitting above 149 billion coins, the possibilities of this happening this cycle are very slim. A $12 price tag would put the meme coin at a market cap above 1.7 trillion, something that even Ethereum, the second-largest cryptocurrency by market cap, has yet to achieve. Featured image from Dall.E, chart from TradingView.com
Dogecoin started a fresh decline from the $0.2540 zone against the US Dollar. DOGE is now consolidating losses and might extend losses below $0.2200. DOGE price started a fresh decline below the $0.2420 and $0.2400 levels. The price is trading below the $0.240 level and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $0.2230 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh increase if it clears the $0.230 resistance zone. Dogecoin Price Holds Support Dogecoin price started a fresh decline after it failed to clear the $0.2550 zone, unlike Bitcoin and Ethereum. DOGE declined below the $0.2420 and $0.2400 levels. The bears even pushed the price below the $0.2200 level. A low was formed at $0.2157 and the price is now consolidating losses. There was a minor increase above the 23.6% Fib retracement level of the downward move from the $0.2542 swing high to the $0.2157 low. Dogecoin price is now trading below the $0.2350 level and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $0.2230 on the hourly chart of the DOGE/USD pair. Immediate resistance on the upside is near the $0.230 level. The first major resistance for the bulls could be near the $0.2350 level. It is close to the 50% Fib retracement level of the downward move from the $0.2542 swing high to the $0.2157 low. The next major resistance is near the $0.2420 level. A close above the $0.2420 resistance might send the price toward the $0.2550 resistance. Any more gains might send the price toward the $0.2640 level. The next major stop for the bulls might be $0.280. More Losses In DOGE? If DOGE’s price fails to climb above the $0.2350 level, it could start another decline. Initial support on the downside is near the $0.220 level and the trend line. The next major support is near the $0.2150 level. The main support sits at $0.2120. If there is a downside break below the $0.2120 support, the price could decline further. In the stated case, the price might decline toward the $0.20 level or even $0.1840 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.2200 and $0.2120. Major Resistance Levels – $0.2420 and $0.2550.
Dogecoin slipped toward the lower end of its month-long range on Tuesday as independent chartist Quantum Ascent delivered a granular breakdown of why he believes the meme-coin is part-way through a corrective cascade that could end in the high-teen-cent zone. At mid-afternoon in Europe the token hovered at $0.228, nearly 12% below its May 11 peak and nursing modest intraday losses. Dogecoin Enters Danger Zone Reviewing the daily chart, the analyst rewound to the explosive move that began on May 8 and produced a 50% three-session surge: “Last time we checked in over here on May 8, when we got this big green candle, we said, guys, looks like we’re kicking off our fifth microwave here,” he reminded viewers. His initial upside projection had been a modest 2.36 Fibonacci extension, yet Dogecoin “actually went up much higher,” a sign, he added, of strong retail momentum but also of a pattern that now looks finished. Quantum Ascent has since migrated his wave counts to show that the thrust was merely the fifth sub-wave inside a larger first-wave advance. “We’re in the middle of an ABC as we speak… these blue waves are going to move over to here,” he said, redrawing the labels to mark the ongoing retracement. In Elliott-wave parlance the C-leg must at least equal the A-leg, and the presenter converted that rule into arithmetic: “Eighteen-point-eight per cent from there… that’s one of our targets, right around 20.5 cents.” Related Reading: Dogecoin Chart Turns Ugly—This Price Could Trigger Panic Deeper penetration is not only possible but statistically common, he argued, because “oftentimes it makes it down into this third or fourth wave.” Measuring from the early-May low to the mid-May top, he plotted the 0.500, 0.618 and 0.702 retracements — a band stretching roughly from 19.5 cents to 17 cents — and called it “the logical zone for a first-and-second-wave reset.” A shallower halt at the 0.382, around 21.8 cents, would in his view be “a pretty shallow correction.” One attempt to break higher has already stalled in what he labelled the “danger zone” between the 0.618 and 0.786 retracements: “We took a stab to break through, but we didn’t close… we wicked above it, ended up right there at the 702, the rejection, and now it’s kind of rolling over again.” That failure leaves a nearby trigger level: “We break this low here at 21 cents, then we’re for sure seeing 20.5 cents.” The tape action, he added, resembles a Wyckoff re-accumulation structure: “Looks like honestly a form of Wyckoff and we’re building the sign of strength right here before we take off.” Yet the bullish pay-off, if it comes, likely lies several weeks ahead. The correction underway marks “a macro two that we’re working on right now,” he said, emphasising that the subsequent third wave would be decisive: “Macro wave threes — those are the daddies. Those are the big ones. That’s where we’re really going to get some juice.” Related Reading: Can Dogecoin Really Hit $3.80? Analyst Says Yes—If This Happens Macro context tempers any near-term enthusiasm. Bitcoin — whose own fifth-wave top arrived sooner and overshot its prior cycle high — has already rolled into an ABC of its own, and Quantum Ascent expects altcoins to “settle down” alongside the bellwether. “Whether it goes quickly in a C-wave or we just kind of keep meandering, we’re going to have to wait and see,” he concluded, urging followers to watch volume profiles and closing levels rather than intraday wicks. As always, Elliott-wave counts remain interpretative rather than predictive, and traders should align any positioning with their personal risk limits. Dogecoin retains the eighth-largest market capitalisation in crypto, but elevated volatility means even minor price gaps can translate into double-digit percentage swings. At press time, DOGE traded at $0.228. Featured image created with DALL.E, chart from TradingView.com
Despite market uncertainty and global tensions, DOGE stands out with strong support levels and rising demand from large holders fueling investor interest.