Artem Voloskovets
⬤ Dogecoin's still trading under a critical technical barrier on the weekly timeframe, with the Tenkan-sen acting as a ceiling. The blue Tenkan line hasn't been broken yet, keeping the overall picture cautious. DOGE's trying to find its footing after a long slide, but price action's stuck below this short-term Ichimoku marker.
⬤ The weekly chart shows an extended downtrend with lower highs stacking up. After dropping hard from earlier cycle peaks, Dogecoin bounced modestly from the $0.12 zone recently. But that recovery ran out of steam near the Tenkan-sen, proving it's working as dynamic resistance. The failure to close above this line suggests recent gains are just corrections, not a real trend change.
⬤ Ichimoku analysis focuses on how price relates to the Tenkan-sen and the cloud above it. Right now, the broader Ichimoku cloud's still overhead, meaning higher-timeframe momentum hasn't turned positive yet. Until DOGE breaks above both the Tenkan-sen and that cloud, any rallies are likely to hit selling pressure instead of gaining momentum.
⬤ This setup matters for broader crypto market sentiment since Dogecoin often reflects retail speculation appetite. The persistent resistance at the Tenkan-sen shows bullish momentum hasn't taken control on the weekly chart. Until DOGE can convincingly reclaim this level, the structure stays fragile and price will likely remain range-bound. The Tenkan-sen remains the key level to watch for whether Dogecoin can shift from just stabilizing to actually building upward momentum.
Artem Voloskovets
