Usman Salis
⬤ Dogecoin is holding above a key descending trendline on the daily chart, and the structure is staying intact for now. DOGE has tested this trendline multiple times without breaking down through it — a sign that what used to be resistance is now doing its job as support. The breakout happened, the retest came, and bulls have held the line.
⬤ The chart tells a straightforward story: DOGE broke above the descending trendline, pulled back to retest it, and has been clustering just above that level ever since. Price is hovering around the $0.09 region after failing to push toward the $0.11 to $0.12 zone earlier. The bounce is technically valid but it lacks conviction. Daily candles are small, follow-through buying is thin, and the move looks more like a pause than a launch. Even so, consolidation above support can still preserve a larger structural case even when short-term momentum fades.
⬤ Momentum indicators are not doing the bulls any favors right now. Volume has not expanded, and there is no decisive surge of buying pressure that typically marks a real breakout continuation. Without meaningful demand stepping in, the breakout risks staying a technical event rather than the start of a sustained rally. The projected upside scenario is visible on the chart, but the current price action is not yet backing it up.
⬤ The trendline is holding, and that keeps the bullish case alive — but only technically. DOGE is in a watch-and-wait phase. If volume returns and buyers step in with force, this retest could turn into a proper recovery. If it does not, price risks drifting sideways or sliding back to test lower support. Either way, the higher-timeframe structure still points to room upside once the market finds a reason to move. The next few sessions will settle which way this one goes.
Usman Salis
