Dogecoin (Doge) was badly damaged by the sale of pressure, falling by 15% last week, since he is struggling to find support. Technical indicators continue to show a strong bear tendency.
If the decrease remains, Doge can soon check support at 0.142 US dollars, and a break below this level can push it to $ 0.14 for the first time since October 2024. However, if the Meme Coin is a noise and a return on the purchase pressure, Doge may try to restore, with key levels of resistance of $ 0.19 and $ 0.22 along the path of the potential version of the trend.
DOGE ICHIMOKU CLOUD draws a bear picture
Dogecoin Ichimoku cluster shows a strong bear installation. The price is traded below both blue tenkan-sen (conversion line) and red kijun-sen (base line).
This positioning indicates that the short -term impulse remains negative, since the dog is trying to break above these resistance levels.
Forward ICHIMOKU (Kumo) is red, strengthening the bears currently bearish, while the cloud itself is positioned much higher than the current price.
The descending slope of Tenkan-Sen and Kijun-Sen additionally confirms the force of a bear tendency, which makes any attempts to recover fragile if Doge cannot return these lines.
Moving to the cloud will indicate a potential transition to the neutral phase. However, now this trend remains a clear bear.
Until the price passes above tenkan-sen and kijun-sen or clouds, it will not become green, any movement of potential can be temporary kickbacks in a wider descending trend.
If the pressure on the sale remains, DOGE can continue to decrease, potentially checking lower support levels at the upcoming sessions.
Dogecoin DMI shows that sellers are widely controlled
The diagram of the specified Dogecoin (DMI) movement shows that its average direction (ADX) index is currently 39.1, which is a sharp increase compared to 17.1 only two days ago.
ADX measures the strength of the trend, and the values above 25 indicate a strong trend, and those who are below 20 involve weak or elite market conditions.
The rapid growth of ADX confirms that the continuing descending Dogecoin trend intensifies, signaling that sellers remain in control. As ADX rises higher, this strengthens the idea that the current bear tendency is gaining momentum.
-DI (negative direction index) increased to 37, compared with 28.91 one day ago, while +DI (positive indicator of the directed) decreased to 12.67 from 14.83.
This expanding gap between -Di and +di indicates that sales pressure significantly outweighs the percentage of purchase. Since -DI continues to grow, and +di down, the price of the dog will probably remain under pressure if there is no strong change in the pulse.
+Di should begin to grow, while -DI is reduced for any signs of potential recovery. At the moment, the dominant trend remains bear, and the dog may continue to experience lower support levels.
Dogecoin will be difficult to return 0.20 US dollars in the near future
Over the past seven days, Doge Price has fallen by 18%, increasing its bear tendency, since the sale of the sale continues to dominate.
If this descending trend is preserved, DOGE can soon check the key support level of $ 0.142, which is a critical price floor that can determine whether a further decline is likely. A break below this level will allow Dogecoin to fall below $ 0.14 for the first time since October 2024, which has further strengthened bear mood.
Given the current price structure, the absence of strong pressure pressure suggests that the path of least resistance remains a disadvantage if the impulse does not shift.
Nevertheless, if Meme is a hype returns and the purchase pressure increases, DOGE can break out of its bear structure and restore key resistance levels.
The first major observation resistance will be 0.19 dollars. If DOGE successfully cleanses this level, it can signal the beginning of a wider recovery. A steady ascending trend can then push the price to 0.22 dollars, and if the bull impulse intensified, the dog can rise to $ 0.24.
In order for this scenario to materialize, DOGE would have to see the influx of the purchase volume and shift in the trend indicators, signaling the potential change from its current descending trajectory.
