Altcoins News

Story: One Slip And Dogecoin Could Plunge Into a Bear Market: Analyst

By MikeT

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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,…

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Price Pressures Mount as DOGE Tests Historic Support. While slipping below the rising trendline is concerning, DOGE is still holding onto another major…

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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…

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Will Dogecoin Defend Its Line in the Sand?. DOGE currently sits at a defining price level. Traders are closely watching for signs of strength,…

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Outlook: High Stakes for DOGE as the Month Progresses. Dogecoin’s price structure is tightening, and its long-term trend is at risk.

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Dogecoin’s long-term recovery trend is under pressure as the price slips below a key technical support level.

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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.

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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.

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Rekt Capital warned that Dogecoin “needs to protect its multi-year technical uptrend heading into December” to keep its macro bullish scenario intact.

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While slipping below the rising trendline is concerning, DOGE is still holding onto another major support — a horizontal zone near $0.159–$0.16.

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From May to October 2024, this zone acted as a strong ceiling. DOGE repeatedly attempted to break above it but faced rejection each time.

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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…

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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.

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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.

The Currency Analytics

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