Support Breakdown Confirmed
Dogecoin has now broken below the important $0.074-$0.080 support zone, confirming another lower low on the weekly chart. Unless bulls can quickly reclaim this area, it is likely to act as resistance on any relief rally.
Bearish Trend Intact
The 21/8-week EMAs remain bearishly crossed, with both moving averages sloping sharply lower. Price also continues to trade beneath them, confirming that the longer-term trend remains firmly in the bears' favour.
Multi-Year Support Ahead
The next significant technical level sits between $0.05 and $0.06, an area that has repeatedly attracted buyers over the past few years. If current weakness continues, this is the next zone where bulls may attempt to build a more meaningful base.
Momentum Remains Weak
StochRSI has already fallen into oversold territory, but the RSI has yet to become oversold on the weekly timeframe. This suggests downside momentum may not yet be fully exhausted despite the recent sell-off.
In Summary
Dogecoin remains one of the weaker large-cap crypto charts after losing another important support level. The bearish EMA structure and series of lower lows continue to favour further downside, with the $0.05-$0.06 multi-year support zone now becoming the next major area to watch. Bulls first need to reclaim the former support around $0.074-$0.080 before the technical outlook begins to improve.
