Usman Salis
Dogecoin traders are glued to their screens as the popular meme coin tries—and fails—to push past a major technical barrier. After testing the Kijun-sen (base line) around $0.2049, DOGE got turned away, suggesting bearish forces are still calling the shots for now.
Ichimoku Breakdown: Bears Still in Control
According to the latest daily Ichimoku analysis from Trader Tardigrade, DOGE's technical picture looks shaky, with the coin sitting below key cloud levels and multiple bearish signals stacking up.
The daily Ichimoku chart shows Dogecoin stuck beneath several important resistance zones. The Kijun-sen line near $0.2049 has become a ceiling, blocking DOGE's recent recovery attempt in its tracks.
Key technical signals:
- Price rejected at Kijun-sen ($0.2049–$0.2050) — DOGE couldn't break through the blue baseline, confirming it as near-term resistance
- Red Kumo Cloud — The forward-looking cloud has turned red, signaling a bearish environment with downward pressure
- Chikou Span below price — The lagging indicator sits beneath current candles, a classic bearish sign in Ichimoku analysis
- Primary support at $0.1900 — If the rejection holds, this level could be retested soon
- Next upside target: $0.22–$0.23 — But only if DOGE can break and hold above $0.2050
The overall message? Sellers are still in the driver's seat, and buyers haven't managed to flip the script yet.
Broader Market Context
Dogecoin's technical rejection mirrors what's happening across the altcoin market, where many coins are consolidating after recent rallies. While Bitcoin's stability has helped calm things down a bit, meme coins like DOGE remain choppy with lower trading volume—making resistance levels like the Kijun-sen tougher to crack. Traders seem cautious, favoring quick trades over longer positions until there's clearer direction.
Dogecoin's failure to break the Kijun-sen shows that bearish pressure is still very much alive on the daily chart. With the red Kumo cloud, a lagging Chikou Span, and a failed breakout all pointing downward, DOGE hasn't yet proven it can sustain a bullish move. Until there's a confirmed daily close above $0.2050, the downside risk remains, and a retest of $0.19 support looks like a real possibility.
Usman Salis
