Will Dogecoin Break Down From its Long-Term Support? | Credit: Hameem Sarwar
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Key Takeaways
Dogecoin (DOGE) faces a potential breakdown from key long-term support.
DOGE appears to be in wave C of an A-B-C correction, risking new lows.
Can Dogecoin hold its support levels, or will its decline accelerate?
Dogecoin is flashing its first warning sign in years as it tests a long-term support level that has held since late 2023.
Despite multiple strong bounces along this trend line, DOGE is now struggling to maintain its footing and appears likely to break down.
Momentum indicators have already turned bearish, adding weight to the possibility that the trend has shifted.
With the market turning weak, Dogecoin could be on the verge of a significant decline.
Dogecoin Price Risks Breakdown
The Dogecoin price has increased in tandem with an ascending support trend line since October 2023.
DOGE bounced at this trend line several times (green icons), most recently in October 2025, when a long lower wick sent it to a low of $0.095.
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Momentum indicators are decisively bearish. The Relative Strength Index (RSI) is below 50, and the Moving Average Convergence/Divergence (MACD) is negative (black circles).
As a result, the price action and momentum indicators suggest a bearish Dogecoin prediction, indicating that the price is likely to head lower.
Why is Dogecoin Going Down?
Just like the price action, Dogecoin’s wave count suggests the trend is bearish and new lows are likely.
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.
