Dogecoin is entering a decisive phase as its price tests a multi-year uptrend that has supported every major rally since 2022. After weeks of downward pressure across the broader market, DOGE is now hovering around $0.163–$0.164, according to the latest TradingView chart, with buyers attempting to defend a key historical support zone.
Market Overview: Sellers Still Active, but Bulls Show Signs of Life
Over the past several weeks, Dogecoin has traded in a gradual downtrend, retreating from the $0.19–$0.21 region into the mid-$0.16 range. Intraday volatility has remained modest, but the overall trend continues to lean bearish as price makes lower highs and lower lows.
The MACD remains weak, fluctuating around neutral with shallow bearish momentum. RSI sits in the 50–56 zone, suggesting neither overselling nor strong recovery strength. Volume has also thinned out compared to early November, reflecting hesitation from both sides after recent downside.
Despite this caution, Dogecoin has consistently bounced from the $0.158–$0.160 area, a region that now aligns almost perfectly with its long-term ascending trendline.
Rekt Capital: “Dogecoin Must Hold the Multi-Year Uptrend Into December”
Crypto analyst Rekt Capital emphasized that Dogecoin is approaching a decisive monthly support test. According to his chart, DOGE is sitting precisely on a multi-year diagonal trendline that has historically triggered major macro rallies.
If this level holds into December, Dogecoin preserves its upward macro structure.
If it fails, the chart enters what Rekt Capital calls a “distribution zone,” raising risks of deeper decline.
His warning comes as Dogecoin’s monthly candle hovers only slightly above key support at $0.159–$0.160, making the next several weeks critical.
Technical Breakdown from the Latest Chart
- Price: Dogecoin is trading steadily around $0.1634, up +0.6% in the past 24 hours.
- RSI: Oscillating between 50–56, showing neither overbought nor oversold conditions.
- MACD: Mixed signals with small histogram bars, indicating weak trend direction.
- Volume: 24-hour volume has fallen sharply to $1.62B (-52.87%), confirming reduced participation.
This combination paints a picture of a market waiting for a breakout catalyst.
Dogecoin Market Structure: Critical Support and Resistance Zones
Dogecoin now trades in a compressed range where support and resistance are very clear:
- Major Support: $0.159–$0.160 (multi-year trendline + high-volume node)
- Secondary Support: $0.148
- Immediate Resistance: $0.175
- Macro Resistance: $0.22
As long as DOGE remains above $0.160, buyers retain control of the long-term structure.
A breakout above $0.175 would be the first sign of renewed macro strength.
Bearish Scenario: What Happens if $0.160 Breaks
A weekly or monthly close below the trendline opens the door for a retest of:
- $0.148, followed by
- $0.135, and potentially
- $0.105 in a more severe market downturn
Such a breakdown would mirror previous distribution phases and temporarily invalidate Dogecoin’s macro uptrend.
Outlook
Dogecoin stands at one of its most important technical levels of the year. If bulls protect the $0.160 trendline through month-end, DOGE retains the possibility of a macro rally in early 2026.
If it loses this level, a deeper correction becomes likely.
For now, all eyes remain on whether Dogecoin can defend its multi-year uptrend, the line that has defined every major DOGE rally since 2021.
