DOGE/USDT Structure Shows Breakdown Signals, but Key Demand Layer Offers Short-Term Cushion
Dogecoin is once again testing an important support zone near $0.1520, a level that has acted as a structural floor throughout several phases of the current market cycle. While the asset’s long-term trend turned fragile after breaking below a multi-month range, price action is now compressing into a demand area that could shape the next move. Analysts say the memecoin’s trajectory hinges on whether buyers can defend this region in the coming sessions.
Weakening Structure After Range Breakdown
The chart reveals a clear deterioration in trend strength following Dogecoin’s failure to hold the mid-range band between $0.20 and $0.24. Consecutive Breaks of Structure (BOS) and Change of Character (ChoCH) events reflect persistent seller control since early autumn.
The inability to reclaim the mid-range has left DOGE vulnerable, with momentum tilting toward repeated lows rather than sustained recoveries.
BitXJournal market technician remarks, “The loss of the $0.20 region was a decisive shift. It confirmed a structural breakdown and shifted the burden onto buyers to defend lower support levels.”
Support Cluster at $0.1520 Becomes Market Focus
The current support zone—illustrated by a blue demand band—sits between $0.1480 and $0.1550. This level has historically generated reactive bounces and is now acting as Dogecoin’s final buffer before deeper liquidity layers come into play.
Holding this zone is essential; a clean move below it could expose DOGE to a retest of the broader weak-low area near $0.10.
BitXJournal analyst observes, “This demand pocket is thin but meaningful. If it breaks, the chart leaves a large volume gap below, which could accelerate downside pressure.”
Rebound Possible, But Obstacles Remain
Should Dogecoin stabilize, the first resistance sits around $0.19–$0.20, followed by a heavier supply cluster near $0.28–$0.34. The latter aligns with prior distribution zones and a historically strong high.
Dogecoin is positioned at a critical juncture. The $0.1520 floor offers a chance for stabilization, but the broader technical structure remains under strain. Until buyers demonstrate the ability to defend this level and generate higher-time-frame strength, the risk of further downside remains elevated.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.