Dogecoin Price Prediction: DOGE Risks Another Drop
Tech Dogecoin Price Prediction: DOGE Risks Another Drop Dogecoin is holding its long-term trendline, but the daily chart still shows a weak recovery structure. DOGE needs a stronger breakout above resistance to shift the setup away from another possible decline. Dogecoin Holds Long Term Trendline as DOGE Compression Builds Dogecoin is holding near a long term rising trendline on the monthly chart shared by Surf. The chart shows DOGE moving above the same broad support line that has guided the price structure since the earlier cycle lows. Each major move higher started after price spent time near this long term base. Dogecoin Monthly Long Term Trendline Chart. Source: DOGE is now trading close to that trendline again, while price also moves near a curved moving average shown on the chart. This creates a compression zone, where price action tightens before the next larger move. The lower indicator also shows a long period of reduced momentum after previous spikes in 2017, 2021, and 2024. The current reading sits near the lower range, which suggests DOGE has cooled down after earlier volatility. If DOGE holds the rising trendline, the chart keeps the broader bullish structure active. A stronger move above the nearby moving average would support a possible recovery attempt. However, if