The Dogecoin multi-year restoration pattern is underneath stress as value slips beneath a key ascending help and rests on an historic horizontal stage, based on a brand new chart from dealer and analyst Rekt Capital.
Dogecoin Is Inches Away From A Bear Market
In an X submit, 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 possibilities 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 the moment runs just under the $0.18 area and has outlined what Rekt Capital calls DOGE’s “multi-year technical uptrend.”
The most recent month-to-month candle, nonetheless, reveals 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 during the last two years.
Associated Studying
From Could 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 value almost tripled from roughly $0.16 to a December excessive of $0.4843.
In 2025, the identical zone then grew to become essential help. Between March and July, month-to-month candles confirmed draw back wicks piercing beneath intramonth, however closes repeatedly held above the extent, confirming it as a significant structural ground.
What To Watch Now
That historical past is what makes the present retest so vital. With roughly half the month remaining, the crimson 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 additional draw back. On a month-to-month chart, what issues isn’t just the intramonth tour however the place the candle closes.
Associated Studying
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 beneath the horizontal stage, in contrast, would imply each the ascending help and this traditionally pivotal value ground 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.
Featured picture created with DALL.E, chart from TradingView.com