The Ichimoku Cloud analysis suggests continued downward pressure, as DOGE trades below the cloud with a red future cloud, signaling strong resistance ahead. The conversion line (blue) and baseline (red) are moving sideways, hinting at consolidation rather than recovery. Meanwhile, the lagging span (green) remains below price action, reinforcing the bearish trend.
Additionally, the BBTrend indicator sits at -21.7, recovering slightly from -26.1 yesterday. While this suggests selling pressure is easing, the trend remains negative, keeping DOGE in a weak position.
DOGE’s Exponential Moving Averages (EMAs) indicate a strong downtrend, with short-term EMAs below long-term ones. If bearish momentum continues, DOGE could test $0.20. However, a reversal could see DOGE reclaim $0.30, with a possible breakout toward $0.36. A successful move past this level may drive DOGE up to $0.40, marking a 54% upside. For now, bullish momentum remains weak, leaving DOGE vulnerable to further declines.