Dogecoin is trading directly on top of a long-term support band defined by its monthly Ichimoku cloud, according to a chart shared by crypto analyst Cantonese Cat (@cantonmeow) via X. The analyst summed it up by saying DOGE is “licking the bottom of its monthly Ichimoku cloud.” Dogecoin Hovers At Key Monthly Ichimoku Support The 1-month DOGE/USDT chart on Binance, captured on 7 December 2025, shows Dogecoin at around $0.14050, down about 3.8% for the month so far. The monthly candle opened at $0.14599, reached a high of $0.15340 and a low of $0.13177, underlining relatively tight but clearly downward monthly price action. On the chart, the Ichimoku indicator uses standard 9-26-52-26 settings. The fast conversion line (Tenkan-sen) currently sits near $0.20092, and the base line (Kijun-sen) around $0.27491. The leading spans that form the cloud are plotted near $0.23792 and $0.26674, producing a forward-projected red Kumo that extends well into 2026. Related Reading: Analyst Says Dogecoin Price Is Ready To Fly, Here’s Why With DOGE at roughly $0.14, price is trading far below both Tenkan and Kijun and is positioned just at the lower boundary of the projected cloud. That lower cloud edge, which bends into the low-$0.12 to mid-$0.13 area before flattening, is the zone highlighted by Cantonese Cat. The October monthly candle shows a long lower wick that briefly pierced deep below, toward the mid-$0.06 region, but closed back above the cloud floor. The current, still-forming candle again tests just under that boundary and is, at the time of the snapshot, holding marginally above it around $0.14. Related Reading: Dogecoin Bulls Smell $1.30 As On-Chain Data Turns Red-Hot For Ichimoku practitioners, the lower Kumo boundary is often treated as the final structural support in a still-constructive higher-timeframe trend. In this case, the implication of the chart is clear: as long as monthly closes remain above roughly $0.12–$0.14, the multi-year structure can still be interpreted as a long-term bottoming zone rather than a completed breakdown. In other words, for this analyst, Dogecoin’s prospective bottom hinges on whether that monthly Ichimoku support band in the $0.12–$0.14 range continues to hold. DOGE Sits Inside Key Support Zone In The Weekly Chart On the weekly DOGE/USDT chart, price is sitting directly in the highlighted red support zone around $0.135–$0.145. This band coincides with a prior multi-week consolidation area and a former horizontal resistance level that capped price before the last major breakout. Over the past several candles, weekly closes have clustered inside this zone while wicks repeatedly probe through it, underlining how aggressively the market is testing this level. The current candle trades near $0.14392, keeping Dogecoin inside the upper half of the support block but still below the 20-, 50-, 100- and 200-week EMAs, with the 200-week EMA at $0.15563 now just overhead. At the same time, DOGE has clearly lost the rising black trendline that had connected higher lows from the left side of the chart. After breaking beneath this trend support, the DOGE price dropped sharply. The intersection of the broken trendline and the nearby moving averages now forms an overhead supply region, meaning price is compressing between these levels and the red horizontal support zone. Featured image created with DALL.E, chart from TradingView.comDogecoin is trading directly on top of a long-term support band defined by its monthly Ichimoku cloud, according to a chart shared by crypto analyst Cantonese Cat (@cantonmeow) via X. The analyst summed it up by saying DOGE is “licking the bottom of its monthly Ichimoku cloud.” Dogecoin Hovers At Key Monthly Ichimoku Support The 1-month DOGE/USDT chart on Binance, captured on 7 December 2025, shows Dogecoin at around $0.14050, down about 3.8% for the month so far. The monthly candle opened at $0.14599, reached a high of $0.15340 and a low of $0.13177, underlining relatively tight but clearly downward monthly price action. On the chart, the Ichimoku indicator uses standard 9-26-52-26 settings. The fast conversion line (Tenkan-sen) currently sits near $0.20092, and the base line (Kijun-sen) around $0.27491. The leading spans that form the cloud are plotted near $0.23792 and $0.26674, producing a forward-projected red Kumo that extends well into 2026. Related Reading: Analyst Says Dogecoin Price Is Ready To Fly, Here’s Why With DOGE at roughly $0.14, price is trading far below both Tenkan and Kijun and is positioned just at the lower boundary of the projected cloud. That lower cloud edge, which bends into the low-$0.12 to mid-$0.13 area before flattening, is the zone highlighted by Cantonese Cat. The October monthly candle shows a long lower wick that briefly pierced deep below, toward the mid-$0.06 region, but closed back above the cloud floor. The current, still-forming candle again tests just under that boundary and is, at the time of the snapshot, holding marginally above it around $0.14. Related Reading: Dogecoin Bulls Smell $1.30 As On-Chain Data Turns Red-Hot For Ichimoku practitioners, the lower Kumo boundary is often treated as the final structural support in a still-constructive higher-timeframe trend. In this case, the implication of the chart is clear: as long as monthly closes remain above roughly $0.12–$0.14, the multi-year structure can still be interpreted as a long-term bottoming zone rather than a completed breakdown. In other words, for this analyst, Dogecoin’s prospective bottom hinges on whether that monthly Ichimoku support band in the $0.12–$0.14 range continues to hold. DOGE Sits Inside Key Support Zone In The Weekly Chart On the weekly DOGE/USDT chart, price is sitting directly in the highlighted red support zone around $0.135–$0.145. This band coincides with a prior multi-week consolidation area and a former horizontal resistance level that capped price before the last major breakout. Over the past several candles, weekly closes have clustered inside this zone while wicks repeatedly probe through it, underlining how aggressively the market is testing this level. The current candle trades near $0.14392, keeping Dogecoin inside the upper half of the support block but still below the 20-, 50-, 100- and 200-week EMAs, with the 200-week EMA at $0.15563 now just overhead. At the same time, DOGE has clearly lost the rising black trendline that had connected higher lows from the left side of the chart. After breaking beneath this trend support, the DOGE price dropped sharply. The intersection of the broken trendline and the nearby moving averages now forms an overhead supply region, meaning price is compressing between these levels and the red horizontal support zone. Featured image created with DALL.E, chart from TradingView.com

Dogecoin Flirts With Long-Term Breakdown At Monthly Ichimoku Floor

2025/12/09 10:00
3 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

Dogecoin is trading directly on top of a long-term support band defined by its monthly Ichimoku cloud, according to a chart shared by crypto analyst Cantonese Cat (@cantonmeow) via X. The analyst summed it up by saying DOGE is “licking the bottom of its monthly Ichimoku cloud.”

Dogecoin Hovers At Key Monthly Ichimoku Support

The 1-month DOGE/USDT chart on Binance, captured on 7 December 2025, shows Dogecoin at around $0.14050, down about 3.8% for the month so far. The monthly candle opened at $0.14599, reached a high of $0.15340 and a low of $0.13177, underlining relatively tight but clearly downward monthly price action.

Dogecoin Ichimoku cloud analysis

On the chart, the Ichimoku indicator uses standard 9-26-52-26 settings. The fast conversion line (Tenkan-sen) currently sits near $0.20092, and the base line (Kijun-sen) around $0.27491. The leading spans that form the cloud are plotted near $0.23792 and $0.26674, producing a forward-projected red Kumo that extends well into 2026.

With DOGE at roughly $0.14, price is trading far below both Tenkan and Kijun and is positioned just at the lower boundary of the projected cloud.

That lower cloud edge, which bends into the low-$0.12 to mid-$0.13 area before flattening, is the zone highlighted by Cantonese Cat. The October monthly candle shows a long lower wick that briefly pierced deep below, toward the mid-$0.06 region, but closed back above the cloud floor. The current, still-forming candle again tests just under that boundary and is, at the time of the snapshot, holding marginally above it around $0.14.

For Ichimoku practitioners, the lower Kumo boundary is often treated as the final structural support in a still-constructive higher-timeframe trend. In this case, the implication of the chart is clear: as long as monthly closes remain above roughly $0.12–$0.14, the multi-year structure can still be interpreted as a long-term bottoming zone rather than a completed breakdown.

In other words, for this analyst, Dogecoin’s prospective bottom hinges on whether that monthly Ichimoku support band in the $0.12–$0.14 range continues to hold.

DOGE Sits Inside Key Support Zone In The Weekly Chart

On the weekly DOGE/USDT chart, price is sitting directly in the highlighted red support zone around $0.135–$0.145. This band coincides with a prior multi-week consolidation area and a former horizontal resistance level that capped price before the last major breakout.

Over the past several candles, weekly closes have clustered inside this zone while wicks repeatedly probe through it, underlining how aggressively the market is testing this level. The current candle trades near $0.14392, keeping Dogecoin inside the upper half of the support block but still below the 20-, 50-, 100- and 200-week EMAs, with the 200-week EMA at $0.15563 now just overhead.

At the same time, DOGE has clearly lost the rising black trendline that had connected higher lows from the left side of the chart. After breaking beneath this trend support, the DOGE price dropped sharply. The intersection of the broken trendline and the nearby moving averages now forms an overhead supply region, meaning price is compressing between these levels and the red horizontal support zone.

Dogecoin price
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Aave DAO to Shut Down 50% of L2s While Doubling Down on GHO

Aave DAO to Shut Down 50% of L2s While Doubling Down on GHO

The post Aave DAO to Shut Down 50% of L2s While Doubling Down on GHO appeared on BitcoinEthereumNews.com. Aave DAO is gearing up for a significant overhaul by shutting down over 50% of underperforming L2 instances. It is also restructuring its governance framework and deploying over $100 million to boost GHO. This could be a pivotal moment that propels Aave back to the forefront of on-chain lending or sparks unprecedented controversy within the DeFi community. Sponsored Sponsored ACI Proposes Shutting Down 50% of L2s The “State of the Union” report by the Aave Chan Initiative (ACI) paints a candid picture. After a turbulent period in the DeFi market and internal challenges, Aave (AAVE) now leads in key metrics: TVL, revenue, market share, and borrowing volume. Aave’s annual revenue of $130 million surpasses the combined cash reserves of its competitors. Tokenomics improvements and the AAVE token buyback program have also contributed to the ecosystem’s growth. Aave global metrics. Source: Aave However, the ACI’s report also highlights several pain points. First, regarding the Layer-2 (L2) strategy. While Aave’s L2 strategy was once a key driver of success, it is no longer fit for purpose. Over half of Aave’s instances on L2s and alt-L1s are not economically viable. Based on year-to-date data, over 86.6% of Aave’s revenue comes from the mainnet, indicating that everything else is a side quest. On this basis, ACI proposes closing underperforming networks. The DAO should invest in key networks with significant differentiators. Second, ACI is pushing for a complete overhaul of the “friendly fork” framework, as most have been unimpressive regarding TVL and revenue. In some cases, attackers have exploited them to Aave’s detriment, as seen with Spark. Sponsored Sponsored “The friendly fork model had a good intention but bad execution where the DAO was too friendly towards these forks, allowing the DAO only little upside,” the report states. Third, the instance model, once a smart…
Share
BitcoinEthereumNews2025/09/18 02:28
Trump erupts at Fox News reporter during  roundtable: 'What a stupid question'

Trump erupts at Fox News reporter during  roundtable: 'What a stupid question'

An agitated President Donald Trump lashed out at two reporters during his White House “Saving College Sports” roundtable, complaining that the journalists failed
Share
Rawstory2026/03/07 07:19
Lyn Alden Tips Bitcoin Outperforming Gold Through to 2029

Lyn Alden Tips Bitcoin Outperforming Gold Through to 2029

The post Lyn Alden Tips Bitcoin Outperforming Gold Through to 2029 appeared on BitcoinEthereumNews.com. Bitcoin is likely to outperform gold on price performance
Share
BitcoinEthereumNews2026/03/07 07:22