Dogecoin Traders Eye Critical Breakout Near $0.14
The post Dogecoin Traders Eye Critical Breakout Near $0.14 appeared on BitcoinEthereumNews.com.
Dogecoin is at $0.14 as an inverse head and shoulders pattern arises. Positioning becomes bullish as traders monitor neckline resistance across the exchanges. The price movement of Dogecoin indicates contradictory forces since the technical indicators evolve to the tune of continuous declines. The meme coin trades around 0.14 and has a volume of more than 1 billion a day. The participants of the market monitor newly formed chart patterns. Price movement represents tentative recovery efforts as part of larger downward trends that extend across several periods of time. Could This Pattern Trigger DOGE’s Next Rally? Trader Tardigrade on X states that there is an inverse head and shoulders pattern on the Dogecoin 4-hour chart. The technical analyst presented some information that pointed out some of the structural elements emerging. Source: Trader Tardigrade on X “Is Dogecoin about to take an inverse head and shoulders rocket ride? Trader Tardigrade on X. The pattern has a pronounced left shoulder and a deeper head shape. There are attempts to recover the right shoulder. Price structure indicates consolidation after prolonged decreases, which regularly precede possible trend changes. Neckline resistance is between 0.152 and 0.155. This is the focal point that plays the role of the bullish confirmation barrier. A prolonged close above this may confirm the reversal formation. Right-side shoulder support is also important. Any loss of this basis can undermine expectations of recovery and raise pressure to the downside. Price Performance Reveals Persistent Weakness Dogecoin is trading at 0.14, and the 24-hour volume is approximately 1.07 billion. The daily performance exhibits a 2.03% decrease, and weekly indicators demonstrate 6.08% losses. Long-term data is not a rosy picture. The levels have declined by more than 55% compared to the year-to-year. One-year returns are close to negative 67. Lower tops and volatility are indicative of…
Filed under: News - @ December 7, 2025 6:18 am