Dogecoin's triangle pattern has already collapsed. During the market correction phase, DOGE is holding firm at the $0.12 level, trying to create space for a subsequent rebound. Many analysts are not very optimistic; they believe the downtrend is far from over—Wave B still has to continue crashing, and the price could be pushed down to around $0.096.
Looking at the chart, the problems are significant: trading volume is sluggish, buying pressure is clearly weak, and the bulls are unable to control the situation. As long as the price remains below $0.14 to $0.15, the downward trend still exists. It might be best to first go through a sideways consolidation before clarifying the next move.
Of course, there are also optimistic views. If DOGE can stabilize within the demand zone of $0.12 to $0.13, the space for a rebound will open up, and there’s even a chance to surge to $0.18.
The current trading price is $0.122, with a weekly decline of 7.3%. In the short term, it’s likely to be a situation of alternating sideways consolidation and small rebounds, but the overall trend remains bearish.
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GasFeeNightmare
· 11h ago
0.12 if you can't hold it, just go straight to 0.096, anyway it's going to drop
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MidnightTrader
· 11h ago
0.12 is really the threshold; once broken, it's all over.
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It's either sideways or a small rebound again, I'm getting numb listening to it. Might as well just drop to 0.096 and call it a day.
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The phrase "bulls are powerless" is too harsh; it feels like 0.18 is still a distant dream.
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Trading volume isn't picking up, all technical analysis is useless, we can only see how the whales play it.
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I just want to know how long this sideways trend will last; I'm so bored I fell asleep waiting.
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Is the gap between the optimistic and pessimistic camps really this big? Where's the supposed rebound?
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A 7.3% drop this week is quite mild; let's see how they mess around later.
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GasOptimizer
· 11h ago
0.12 still holding on? The data speaks for itself. With such sluggish trading volume, it's just a false boost; the rebound space is only for small-scale fluctuations.
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AlwaysMissingTops
· 11h ago
0.12 if we can't hold it, let's head straight to 0.096, anyway it's all a dump.
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ChainWanderingPoet
· 11h ago
It's the same old story again: holding tight at 0.12, bottoming out at 0.096, dreaming at 0.18. I've heard this so many times, but there's still no rebound. I don't believe you.
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LightningLady
· 11h ago
0.12 holding firm really might break below support, this time it feels a bit uncertain
Dogecoin's triangle pattern has already collapsed. During the market correction phase, DOGE is holding firm at the $0.12 level, trying to create space for a subsequent rebound. Many analysts are not very optimistic; they believe the downtrend is far from over—Wave B still has to continue crashing, and the price could be pushed down to around $0.096.
Looking at the chart, the problems are significant: trading volume is sluggish, buying pressure is clearly weak, and the bulls are unable to control the situation. As long as the price remains below $0.14 to $0.15, the downward trend still exists. It might be best to first go through a sideways consolidation before clarifying the next move.
Of course, there are also optimistic views. If DOGE can stabilize within the demand zone of $0.12 to $0.13, the space for a rebound will open up, and there’s even a chance to surge to $0.18.
The current trading price is $0.122, with a weekly decline of 7.3%. In the short term, it’s likely to be a situation of alternating sideways consolidation and small rebounds, but the overall trend remains bearish.