The Dogecoin multi-year recovery trend is under pressure as price slips below a key ascending support and rests on an historic horizontal level, according to a new chart from trader and analyst Rekt Capital.<\/p>\n
In an X post, Rekt Capital shared a 1-month DOGE\/USDT chart from Binance, created on TradingView on Nov. 15, and warned: \u201cDogecoin needs to protect its multi-year technical uptrend heading into December to keep chances for macro upside alive.\u201d<\/p>\n
The chart tracks Dogecoin from the 2021 blow-off top through the 2022\u20132023 bear market and the subsequent recovery. A rising trendline, built from the bear-market lows, currently runs just below the $0.18 region and has defined what Rekt Capital calls DOGE\u2019s \u201cmulti-year technical uptrend.\u201d<\/p>\n
The latest monthly candle, however, shows Dogecoin trading around $0.16355, beneath that trendline and pressed against a horizontal support level near $0.159. That horizontal area is not arbitrary. On the monthly timeframe it has repeatedly flipped role between resistance and support over the last two years.<\/p>\n
From May to October 2024, the ~$0.159\u20130.16 band acted as a ceiling, repeatedly rejecting upside attempts. The eventual breakout above this level in October 2024 preceded an explosive move: Dogecoin\u2019s price nearly tripled<\/a> from roughly $0.16 to a December high of $0.4843.<\/p>\n In 2025, the same zone then became crucial support. Between March and July, monthly candles showed downside wicks piercing below intramonth, but closes repeatedly held above the level, confirming it as a major structural floor.<\/p>\n That history is what makes the current retest so significant. With roughly half the month remaining, the red November candle has already lost the rising trendline near $0.18 and is now depending on the long-standing $0.159\u20130.16 horizontal area to arrest further downside<\/a>. On a monthly chart, what matters is not just the intramonth excursion but where the candle closes.<\/p>\n If DOGE can reclaim and close back above the trendline, the pattern of higher lows that has defined the multi-year uptrend would remain largely intact. A monthly close decisively below the horizontal level, by contrast, would mean both the ascending support and this historically pivotal price floor<\/a> have failed, materially weakening the macro bullish structure.<\/p>\n For now, Dogecoin sits exactly on that line in the sand. As Rekt Capital put it, DOGE \u201cneeds to protect its multi-year technical uptrend heading into December\u201d if it is to avoid sliding back toward a bear-market profile.<\/p>\n At press time, DOGE traded at $0.1626.<\/p>","protected":false},"excerpt":{"rendered":" The Dogecoin multi-year recovery trend is under pressure as price slips below a key ascending support and rests on an historic horizontal level, according to a new chart from trader and analyst Rekt Capital. Dogecoin Is Inches Away From A Bear Market In an X post, Rekt Capital shared a 1-month DOGE\/USDT chart from Binance, […]<\/p>\n","protected":false},"author":0,"featured_media":113759,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-113758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/113758"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=113758"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/113758\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/113759"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=113758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=113758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=113758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What To Watch Now<\/h2>\n