Dogecoin price continues to weaken as its aggressive downtrend persists, putting pressure on the market and increasing the likelihood of a retest of the untapped yearly low at $0.08.
Summary
- DOGE maintains consecutive lower highs and lower lows within a validated bearish channel.
- Weak bullish momentum at $0.13 support fails to break structure.
- Liquidity below $0.08 makes a yearly low retest increasingly likely.
Dogecoin’s (DOGE) market structure has deteriorated significantly in recent weeks, with the asset firmly locked in an aggressive downtrend. A series of lower highs and lower lows has defined the current trajectory, showing little sign of recovery as the price continues to trade within a well-established bearish channel.
With support levels weakening and momentum heavily skewed to the downside, Dogecoin now appears increasingly vulnerable to a retest of its yearly low around $0.08. Market participants are watching closely as the meme coin faces rising downside pressure.
Dogecoin price key technical points
- Dogecoin remains in an aggressive downtrend with consistent lower highs and lower lows.
- The asset continues trading inside a well-defined bearish channel.
- Failure to reclaim the value area low increases risk of revisiting the yearly low at $0.08.
Dogecoin’s price action has been decisively bearish since its rejection at the high-time-frame resistance around $0.21. The backtest of this level, followed by the loss of the point of control, triggered a significant shift in momentum.
Sellers regained complete control, and Dogecoin began forming consecutive lower lows and lower highs, a characteristic of a strong downtrend. This pattern has persisted without interruption, reinforcing the bearish sentiment across the market.
The price has also remained tightly confined within a descending trading channel, which has now been validated by multiple touches on both resistance and support. This repeated interaction with the channel boundaries underscores the strength of the current trend.
Each attempt to break upward has been met with swift rejection, while each downward move has encountered minimal resistance. The structure paints a clear picture of a market that continues to decline in a controlled, consistent manner.
Dogecoin’s most recent attempt to stabilize came at the local support level near $0.13. This region has been tested twice, but neither test produced sufficient bullish momentum to reclaim the value area low or break out of the channel. The inability to establish a higher low or reclaim meaningful resistance levels confirms that the trend remains firmly bearish.
The continued failure to break the upper boundary of the channel or reclaim key volume levels suggests a lack of strong buyer interest. This opens the door to deeper corrective movement, particularly toward areas of liquidity that remain untapped. One such region is the yearly low at $0.08. Price has yet to revisit this level, and liquidity typically builds beneath untouched lows. This makes it an attractive target if downward momentum continues.
Volume analysis also supports the bearish outlook. As Dogecoin attempts to rally, volume has remained weak, signaling that buyers are not stepping in with conviction. Meanwhile, sell-side pressure remains elevated each time price interacts with dynamic resistance.
Even metrics hinting at an early-cycle reset have struggled to gain traction, as the key $0.20 barrier continues to cap any meaningful recovery. This reinforces the probability that Dogecoin will continue to trade lower unless a significant shift in volume behavior occurs.
What to expect in the coming price action
If Dogecoin remains inside its bearish trading channel, the probability of a retest of the $0.08 yearly low continues to increase. A strong bullish reversal would require reclaiming the value area low and breaking the upper boundary of the channel, but until that occurs, the path of least resistance points downward.
Source: https://crypto.news/dogecoin-price-downtrend-remains-price-eyes-yearly-low/
