One Slip And Dogecoin Could Plunge Back Into A Bear Market: Analyst
The Dogecoin multi-year restoration development is underneath strain as value slips under a key ascending help and rests on an historic horizontal stage, in accordance with a brand new chart from dealer and analyst Rekt Capital.
Dogecoin Is Inches Away From A Bear Market
In an X publish, Rekt Capital shared a 1-month DOGE/USDT chart from Binance, created on TradingView on Nov. 15, and warned: “Dogecoin wants to guard its multi-year technical uptrend heading into December to maintain probabilities for macro upside alive.”
The chart tracks Dogecoin from the 2021 blow-off prime by means of the 2022–2023 bear market and the following restoration. A rising trendline, constructed from the bear-market lows, at present runs slightly below the $0.18 area and has outlined what Rekt Capital calls DOGE’s “multi-year technical uptrend.”
The newest month-to-month candle, nevertheless, exhibits Dogecoin buying and selling round $0.16355, beneath that trendline and pressed in opposition to a horizontal help stage close to $0.159. That horizontal space just isn’t arbitrary. On the month-to-month timeframe it has repeatedly flipped function between resistance and help over the past two years.
From May to October 2024, the ~$0.159–0.16 band acted as a ceiling, repeatedly rejecting upside makes an attempt. The eventual breakout above this stage in October 2024 preceded an explosive transfer: Dogecoin’s price nearly tripled from roughly $0.16 to a December high of $0.4843.
In 2025, the identical zone then turned essential help. Between March and July, month-to-month candles confirmed draw back wicks piercing under intramonth, however closes repeatedly held above the extent, confirming it as a serious structural flooring.
What To Watch Now
That historical past is what makes the present retest so important. With roughly half the month remaining, the purple November candle has already misplaced the rising trendline close to $0.18 and is now relying on the long-standing $0.159–0.16 horizontal space to arrest further downside. On a month-to-month chart, what issues is not only the intramonth tour however the place the candle closes.
If DOGE can reclaim and shut again above the trendline, the sample of upper lows that has outlined the multi-year uptrend would stay largely intact. A month-to-month shut decisively under the horizontal stage, in contrast, would imply each the ascending help and this traditionally pivotal price floor have failed, materially weakening the macro bullish construction.
For now, Dogecoin sits precisely on that line within the sand. As Rekt Capital put it, DOGE “wants to guard its multi-year technical uptrend heading into December” whether it is to keep away from sliding again towards a bear-market profile.
At press time, DOGE traded at $0.1626.
