DOGE has increased steadily alongside this support trend line, bouncing five times so far.
However, the final bounce was not the same as the previous one.
The Dogecoin price crashed well below the trend line (green icon) before bouncing and creating a long lower wick.
Get These Top Crypto Casino Offers Now!
Sponsored
Disclosure
We sometimes use affiliate links in our content, when clicking on those we might receive a commission at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.
The two main reasons are that such a significant decline below support is not typically a deviation, and that the deterioration ended once the 0.5 Fibonacci retracement resistance was rejected by the DOGE price (red icon).
Hence, it is possible that Dogecoin’s long-term bullish trend has ended, and a breakdown from the trend line would confirm this.
Momentum indicators back this reading. After multiple months of consolidation, the Relative Strength Index (RSI) is below 50, and the Moving Average Convergence/Divergence (MACD) has made a bearish cross.
However, this count is less likely because it does not fit with the long-term movement. Additionally, it would mean that the Dogecoin price has two more bullish waves left, taking it well into 2026.
As a result, the most likely Dogecoin price prediction remains bearish, and a breakdown from the trendline is expected.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
