The long-term chart paints a cautious picture. Monthly MACD has turned lower, signaling rising selling pressure, while the monthly RSI has slipped below its median level, reflecting weakening momentum. Although the DOGE price has briefly dipped below $0.10 in the past and recovered swiftly, the current setup lacks strong bullish confirmation. A failure to hold this trendline could expose Dogecoin to a deeper correction, potentially triggering a 40–50% downside from current levels.
From a technical perspective, the Dogecoin price is approaching a high-risk decision zone. Price is pressing against the long-term ascending trendline, which has repeatedly acted as a structural pivot since 2014. The failure to produce a strong bounce here points to fading bullish momentum. A decisive monthly close below the trendline and the $0.10–$0.09 support band would confirm a macro breakdown, opening the door for a deeper retracement toward the $0.06–$0.05 demand zone.
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