Usman Salis
⬤ Dogecoin's sitting at a technical crossroads after weeks of correction, and things are starting to look interesting. Price action's stabilizing, and traders are wondering if we're about to see a momentum shift. The 4-hour DOGE/USDT chart shows a clean descending trendline that's been pushing price down since October, with recent candles bunching up near $0.14.
⬤ Earlier in this move, DOGE dropped hard from above $0.20, making lower highs and lower lows all the way down. That trendline kept rejecting every bounce attempt. But lately, selling pressure's backed off—price is forming a tighter range and volatility's compressing. The drops aren't as aggressive as they were before.
⬤ Technically, everyone's watching whether DOGE can hold above recent lows while poking at that descending resistance. Breaking above the trendline would flip the short-term structure, but dropping below current support would confirm the correction's still running. DOGE's trading near $0.14 right now—basically a battleground between buyers and sellers.
⬤ This matters for the broader crypto market since Dogecoin tends to reflect speculative sentiment shifts. A confirmed trend change could spark moves across meme coins and other high-volatility assets, while more consolidation would mean caution's still winning. With price squeezed near this decision zone, DOGE's next move will likely set the tone for short-term sentiment across digital assets.
Usman Salis
