Peter Smith
⬤ Dogecoin (DOGE) has fallen out of its multi-month ascending channel after several candles closed beneath the lower trendline, marking a clear breakdown in what had been a promising upward structure. The coin is now trading near the $0.146 region, with the trendline breach representing a notable shift in its technical outlook. What was once one of the more stable mid-term formations in the market has now completely failed.
⬤ The chart shows DOGE steadily losing momentum over recent weeks, drifting away from the upper boundary and sliding toward horizontal support levels. While earlier reactions along both channel edges had reinforced the rising structure, the latest breakdown shows a decisive departure from that trend. Multiple lower highs throughout 2025 weakened the momentum, allowing sellers to push price under the channel and confirm the structural failure.
⬤ Market sentiment around DOGE has cooled significantly as the loss of the channel now requires a substantial recovery before the prior structure could be considered intact. Price action sits below former reaction zones, and regaining the channel would demand unusually strong buying pressure given the current slope of the trend.
⬤ This development matters because DOGE has lost a key technical framework that previously guided medium-term expectations. With the ascending channel no longer intact, the market may reassess Dogecoin's trajectory, potentially increasing volatility as traders search for new levels. The breakdown also shifts focus toward horizontal support areas as DOGE navigates its next phase of price discovery.
Peter Smith
