Dogecoin has experienced a decline of 6.32% in the past 24 hours, with its current price standing at $0.1379. The cryptocurrency's daily trading range has been between $0.1468 and $0.1388. Despite this limited short-term movement, Dogecoin's 24-hour trading volume is substantial at $1.71 billion, and its market capitalization is $21.09 billion.
Over the past week, Dogecoin has been in a discernible downtrend. The price has fallen from approximately $0.1503 to around $0.138, representing an estimated decline of 8%. Selling pressure has been a dominant force throughout the week, with brief attempts at recovery failing to alter the overall momentum. This trend indicates weakening buyer strength, leading Dogecoin to trade near lower levels as bearish sentiment continues to influence market direction.
Dogecoin Consolidates Between Key Levels
Dogecoin's 4-hour chart currently reflects a bearish-to-neutral tone. While the broader trend had been downward, the selling pressure has eased, resulting in sideways price action around the $0.138 mark. This zone is acting as a temporary equilibrium point where neither buyers nor sellers have a clear advantage. The chart indicates support forming near the $0.135–$0.136 range, where recent pullbacks have found stability. Conversely, resistance is observed around the $0.140–$0.142 area, a zone where buying momentum has repeatedly faltered.
The Chaikin Money Flow (CMF) is hovering near –0.04, close to the neutral line, suggesting no significant capital inflow or outflow. The relative strength index (RSI) is currently at 39.82, which indicates that sellers are presently dominating the market.
Dogecoin Breaks Bearishly Below Its H4 Symmetrical Triangle
An hourly chart shared on X by analyst Trader Tardigrade illustrates that Dogecoin has experienced a bearish breakdown from its 4-hour symmetrical triangle pattern. This development suggests that bullish momentum has weakened following repeated failures to breach the upper resistance levels near $0.150–$0.152. The price has fallen below the ascending lower trendline, confirming a bearish breakout and indicating that sellers have gained control of the short-term market structure. With DOGE now trading around the $0.140 region after this breakdown, the pattern signals a shift away from consolidation and towards increased downward pressure.
According to the 4-hour analysis, the next critical zone to monitor is the support area between $0.138 and $0.140, which is identified as a likely reaction point on the chart. A firm closing price below this level could lead to a further decline toward $0.135. Conversely, a sharp recovery back above the breached trendline would be necessary to invalidate the current bearish move. For the time being, the 4-hour analysis emphasizes that the triangle break indicates a bearish outlook, and DOGE must hold its lower support levels to prevent a deeper pullback.