Artem Voloskovets
⬤ Dogecoin has been sliding steadily after getting turned away near its upper resistance zone. The rejection happened around $0.30, and the downward momentum picked up speed fast. What looked like it might be a breakout attempt quickly turned into a textbook short setup, with price reversing hard and entering a prolonged decline.
⬤ Looking at the daily chart, DOGE tried pushing higher earlier this year but kept running into trouble in the $0.28–$0.30 range. The coin tested this area multiple times but couldn't hold above it. Once the rejection confirmed, things moved quickly—DOGE broke through support levels one after another and accelerated down to around $0.13, giving back a massive chunk of its earlier gains.
⬤ The selling pressure hasn't been just a quick dip—it's been sustained and methodical. Price kept making lower highs and lower lows throughout the decline, showing sellers were firmly in control. Support around $0.19 that used to hold got completely blown through and hasn't been tested again from below, which pretty much confirms the bearish structure is still intact.
⬤ This matters because Dogecoin often moves on sentiment and speculation more than fundamentals. When it fails at major resistance and then drops this hard, it usually means the speculative interest has cooled off significantly. The real question now is whether DOGE can find any solid footing at these lower levels, because how it behaves here could set the tone for other high-volatility crypto assets in the near term.
Artem Voloskovets
