Dogecoin Dips Under Key Support

Dogecoin drops 14% in every week amid whale promoting and weak momentum, however analysts spot a wedge sample that beforehand led to a breakout.

Dogecoin has come below stress, falling greater than 6% prior to now 24 hours and over 14% within the final week.

As of press time, it’s buying and selling close to $0.174. The drop is a part of a broader market pullback.

Technical Setup Exhibits Acquainted Sample

Dealer Tardigrade, a crypto chart analyst, has pointed out a recurring formation on Dogecoin’s day by day chart. The sample is named a descending contracting wedge. It’s taking form with three clear touches on the decrease help line and two touches on the higher resistance line. This identical setup appeared on the chart in August and led to a pointy transfer upward after the breakout.

The present wedge, shaped between October and early November, carefully matches the sooner sample. A breakout from the resistance line has already occurred, marked by a inexperienced circle on the chart shared by Tardigrade. If the previous worth motion repeats, Dogecoin might see a short-term rise towards the $0.26 to $0.28 vary. The construction alone, nonetheless, doesn’t verify path. It would rely upon quantity and dealer participation.

Along with the day by day chart, Tardigrade additionally shared a broader month-to-month view. Dogecoin seems to be forming a long-term rounding backside sample. Primarily based on the chart’s depth, this setup might mission a transfer towards $4.14. This construction displays worth habits over a way more prolonged interval and doesn’t recommend any quick shift.

Furthermore, one other key formation will be seen on the 3-day chart, the place Dogecoin is buying and selling inside a large ascending channel. The asset is now close to the underside of that channel, which has beforehand acted as help.

$Doge/3-day#Dogecoin has been shifting inside a big Ascending Channel.
It’s at the moment positioned on the backside of the channel 👀 pic.twitter.com/lkSB3ChbLd

— Dealer Tardigrade (@TATrader_Alan) November 3, 2025

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Indicators Mirror Weak Momentum

The Relative Power Index (RSI) on the day by day chart is now at 35. Whereas not but oversold, it’s approaching ranges which will trigger short-term worth stabilization or a bounce.

In the meantime, Bollinger Bands present the worth shifting beneath the decrease band, suggesting elevated draw back volatility or promoting exhaustion. The 20-day shifting common at the moment stands at $0.19185, which Dogecoin is buying and selling effectively beneath.

Crypto analyst Ali Martinez stated that $0.18 is a key help stage. He referred to it as a “robust buy-the-dip zone” if the worth holds. Because the asset is now below this stage, its power can be examined.

Whale Exercise and Futures Market Present Cooling Curiosity

Wallets holding 10–100 million DOGE sold 440 million tokens over three days final week. This massive-scale promoting added to the current worth stress and should have led smaller traders to comply with.

Open curiosity in Dogecoin futures at the moment stands at $1.67 billion. That is far beneath its earlier peak of over $6 billion. Decrease open curiosity usually displays diminished buying and selling exercise and fewer leverage available in the market. With each worth and open curiosity shifting decrease, there may be little signal of robust directional momentum for now.