dogecoin

#Dogecoin may have entered a critical situation amid the current downturn, as the price breaks below a long-term support trendline for the first time since 2017.
Dogecoin, the largest meme coin by market cap, has struggled since Q4 2025, when the ongoing downtrend began. After collapsing by 62.8% last year, 2025, DOGE has extended its losses with a 34.4% drop this year so far, having slumped 23% in June 2026 alone.
Since October 2025, Dogecoin has only recorded one monthly gain, when it rose 15.4% in April 2026. Within this period, it has witnessed seven monthly losses. Amid this downturn, data suggests DOGE is now in a critical situation, as it slips below a long-term support trendline.
Dogecoin’s Crucial Long-Term Support
Specifically, data from the 1-month chart shows that Dogecoin features a long-term rising support trendline that has acted as the meme coin’s last line of defense since 2017, cushioning against steeper drops and serving as a launchpad point.
Each time Dogecoin retested this trendline and recovered, it was followed by a remarkable expansion that led to massive gains.
For instance, when the DOGE price collapsed to $0.000201 in March 2017, this coincided with a retest of the trendline. From here, the meme coin soared to a high of $0.0187 by January 2018, representing an over 9,200% increase in less than a year.
Dogecoin again retested the trendline twice in 2020, first at $0.001344 in March and then at $0.002400 in November. After it found support here, another rally ensued, pushing the price to the current all-time high of $0.7390 by May 2021.
Dogecoin Slips Below Crucial Support Trendline
Since reaching $0.7390 in May 2021, Dogecoin has struggled. After soaring to $0.48 on the back of the market-wide upsurge triggered by President Donald Trump’s victory, DOGE pulled back and consolidated until the ongoing downtrend picked up in October 2025.
The meme coin has since continued to collapse, recently retesting the support trendline amid the crash this month. Interestingly, Dogecoin failed to hold above the trendline this time, eventually breaking below it for the first time since 2017.
DOGE now sits in a critical position, having lost its structural support, as steeper declines could play out from here. If the broader crypto market witnesses another round of selling pressure while Dogecoin remains below this trendline, the meme coin could eventually revisit the early 2021 lows around $0.029.
DOGE Must Reclaim $0.088
Meanwhile, further data from the daily chart shows that Dogecoin has also lost an important support level around $0.088, which acted as a potent defense during the February 2026 crash. This area also presented a cushion when selling pressure ravaged the market from late February to March.
DOGE eventually crashed below this support area on June 4. When it attempted to recover above it two weeks later, it faced a roadblock. This confirms that the $0.088 mark, which acted as support from February to March, has now flipped to resistance.
Notably, the price level aligns with the Fibonacci 1 area, confirming its importance. Currently trading for $0.076, if Dogecoin can reclaim the $0.088 area, this could translate to a recovery back above the crucial support trendline on the 1-month chart. However, the asset must first rebound above the middle Bollinger Band at $0.084.
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