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Dogecoin’s long-term recovery trend is under pressure as the price slips below a key technical support level. According to crypto analyst Rekt Capital, DOGE is now sitting at a crucial point on the charts — one that could determine whether the asset maintains its upward trajectory or falls back into a bearish pattern.
Dogecoin Sits on the Edge of Its Multi-Year Uptrend
In a recent analysis shared on X, Rekt Capital highlighted Dogecoin’s monthly DOGE/USDT chart, showing that DOGE is only inches away from losing its multi-year technical structure. The rising trendline, which has guided Dogecoin through its slow recovery since the 2022–2023 bear market, now sits just above the $0.18 region.
This line has acted as a long-term guide for Dogecoin’s higher lows, making it a key foundation for the broader bullish macro structure. However, November’s candle shows DOGE trading below this trendline, a development that raises concerns for traders tracking long-term momentum.
Rekt Capital warned that Dogecoin “needs to protect its multi-year technical uptrend heading into December” to keep its macro bullish scenario intact.
Price Pressures Mount as DOGE Tests Historic Support
While slipping below the rising trendline is concerning, DOGE is still holding onto another major support — a horizontal zone near $0.159–$0.16. On the monthly timeframe, this level has proven to be one of the most important price areas for Dogecoin over the past two years.
From May to October 2024, this zone acted as a strong ceiling. DOGE repeatedly attempted to break above it but faced rejection each time. When the breakout finally came in October 2024, the price rallied sharply, almost tripling from around $0.16 to a December peak of $0.4843.
After that surge, the same level flipped from resistance into support. Throughout early and mid-2025, multiple monthly candles showed downside wicks dipping intramonth, but each monthly close consistently held above the zone. This confirmed the region as a critical structural floor for DOGE.
Now, however, Dogecoin is trading around $0.16355, resting directly on this support while also hovering below the rising trendline — a rare and potentially pivotal combination.
Why November’s Candle Close Matters More Than Intramonth Dips
Dogecoin’s price action on the monthly chart is heavily influenced by where the candle closes, not short-term fluctuations. With half the month still remaining, the November candle paints a precarious picture:
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It has already dipped under the multi-year ascending trendline.
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It is pressing tightly against the long-standing horizontal support zone.
A monthly close below $0.159–$0.16 would be a major technical breakdown. Such a move would signal that DOGE has lost not only its higher-lows structure but also one of its most reliable historical support areas.
For analysts like Rekt Capital, this would mark a macro shift from an uptrend back toward a bearish environment.
On the other hand, if Dogecoin manages to reclaim the trendline and close back above it, the multi-year uptrend would remain intact. The higher-lows formation — a characteristic of long-term strength — would still be preserved.
Will Dogecoin Defend Its Line in the Sand?
DOGE currently sits at a defining price level. Traders are closely watching for signs of strength, such as:
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A return above the ascending trendline
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A strong bounce from the $0.159–$0.16 horizontal support
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Increased volume during recovery attempts
A failure to hold either support could push the price back toward earlier 2025 ranges, potentially reintroducing a bear-market structure.
Rekt Capital summed up the situation clearly: Dogecoin must defend the multi-year uptrend heading into December. The next monthly close will determine whether DOGE preserves its macro recovery pattern or slips into deeper weakness.
Outlook: High Stakes for DOGE as the Month Progresses
Dogecoin’s price structure is tightening, and its long-term trend is at risk. Traders see the coming weeks as critical, with the next monthly close likely to shape DOGE’s broader direction for early 2026.
For now, DOGE is holding onto its most important support — but only just. If buyers step in, the asset may stabilize and regain momentum. If not, a deeper pullback may unfold.
