Dogecoin Faces Critical Test at $0.152 After Trendline Break
Dogecoin (DOGE) is under pressure after breaking its multi-year ascending trendline, with $0.1520 now a key support level. Holding this zone could trigger a rebound, while a breach may open the path to $0.150 and $0.120.
Market Overview
- Whale accumulation totaled 4.72B DOGE (~$770M) in the past two weeks.
- Anticipation is rising for Bitwise and Grayscale spot DOGE ETF filings.
- Bitcoin’s death cross and extreme-fear sentiment continue to drag high-beta assets lower, pushing the meme-coin sector down amid a 2% crypto market cap decline.
Price Action & Technicals
- DOGE fell 5% from $0.161 to $0.153, with volume spiking 168% above average.
- Support formed at $0.1520, while a developing double bottom near $0.155 indicates slowing bearish momentum.
- Resistance levels are at $0.159–$0.160 and $0.163–$0.170 if buyers regain control.
Traders will closely watch $0.1520, as its hold or breakdown could dictate DOGE’s next directional move amid macro pressures and BTC-driven volatility
