{"id":98575,"date":"2025-09-22T13:45:22","date_gmt":"2025-09-22T13:45:22","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=98575"},"modified":"2025-09-22T13:45:22","modified_gmt":"2025-09-22T13:45:22","slug":"dogecoin-breakdown-looms-double-top-pattern-flashes-red-alert","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=98575","title":{"rendered":"Dogecoin Breakdown Looms? Double-Top Pattern Flashes Red Alert"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

DOGE confirmed a double top at $0.27, with bearish target matching the current $0.238 price zone.
\nTrendline retest around $0.24\u2013$0.25 holds, keeping breakout structure intact with resistance near $0.30.
\nMVRV ratio rising but below peaks, suggesting DOGE remains mid-cycle with a target of $1.20.<\/p>\n

Double Top Formation Raises Bearish Concerns<\/h2>\n

Dogecoin (DOGE) is trading at $0.24 after dropping 11% in the past 24 hours and 10% over the week. The decline follows a pattern flagged by analyst Merlijn The Trader, who said,<\/p>\n

$DOGE<\/a> IS FLASHING A TEXTBOOK DOUBLE TOP.<\/p>\n

Bearish retest locked. Target sits at $0.238.<\/p>\n

Don\u2019t confuse noise with signal.<\/p>\n

The chart is already telling the truth. pic.twitter.com\/GJ32G2kniw<\/a><\/p>\n

\u2014 Merlijn The Trader (@MerlijnTrader) September 21, 2025<\/a><\/p>\n\n

Notably, the setup formed as DOGE failed twice to break higher, before sliding under the neckline near $0.27. A brief bounce back to that level was rejected, confirming the breakdown. Based on the measured move, the projected downside sits at $0.238, now reached by the price.<\/p>\n

Resistance remains at $0.27, while a close above $0.28 would challenge the bearish case. As long as the price stays under the neckline, the chart points to weakness.<\/p>\n

Trendline Retest Offers Counterpoint<\/h2>\n

Analyst Trader Tardigrade pointed<\/a> to a completed retest of a descending trendline that capped the price for months. The breakout above the line was followed by a pullback to $0.24\u2013$0.25, where support held.<\/p>\n

Meanwhile, this level is now seen as a base. If DOGE remains above it, momentum could build toward $0.30. A move through that resistance would leave room for targets between $0.32 and $0.35, levels tested earlier in the year.<\/p>\n

<\/a>Source: Trader Tardigrade\/X<\/p>\n

In addition, Trader Tardigrade also shared an Ichimoku update. They noted<\/a>,<\/p>\n

\u201cNo bearish Ichimoku signals; status remains bullish.\u201d<\/p>\n

DOGE trades above both the Kumo cloud and the Kijun-sen line, with support at $0.24770 and deeper support between $0.21517 and $0.22214.<\/p>\n

All major indicators maintain an upward bias. The cloud is green, price action holds above the Kijun-sen, and the Chikou span is above the price. These keep the short-, mid-, and long-term trends aligned and heading in a bullish direction.<\/p>\n

MVRV Suggests Room for Growth<\/h2>\n

On-chain data adds another angle. The Market Value to Realized Value (MVRV) ratio is climbing but remains far from the overheated levels of past peaks. Analyst Cryptollica said,<\/p>\n

ITS NOT OVER $DOGE<\/a><\/p>\n

MVRV Ratio<\/p>\n

Target 1: 1.20$ pic.twitter.com\/a3NIGbKrIp<\/a><\/p>\n

\u2014 Cryptollica (@Cryptollica) September 21, 2025<\/a><\/p>\n\n

DOGE has been moving between $0.20 and $0.25 since 2023, building a steady base. With MVRV still below historic extremes, the data suggests the asset may still be in a mid-phase of its cycle.<\/p>\n

The post Dogecoin Breakdown Looms? Double-Top Pattern Flashes Red Alert<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR DOGE confirmed a double top at $0.27, with bearish target matching the current $0.238 price zone. Trendline retest around $0.24\u2013$0.25 holds, keeping breakout structure intact with resistance near $0.30. MVRV ratio rising but below peaks, suggesting DOGE remains mid-cycle with a target of $1.20. Double Top Formation Raises Bearish Concerns Dogecoin (DOGE) is trading […]<\/p>\n","protected":false},"author":0,"featured_media":98576,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-98575","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\/98575"}],"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=98575"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/98575\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/98576"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=98575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=98575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=98575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}