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TLDR:
- Dogecoin (DOGE) remains in a weekly downtrend after multiple rejections near $0.22 and $0.20 resistance.
- Analysts monitor a possible double bottom forming near $0.13 as bearish momentum slows.
- Daily volume surged over 66%, pointing to growing investor attention near support.
- DOGE must reclaim $0.20 to confirm reversal; breakdown risks fall to $0.13 zone.
Dogecoin (DOGE) is under pressure as technical patterns suggest a pivotal moment for the memecoin’s short-term direction. Following weeks of losses, analysts say the chart may be setting up for a potential double bottom, a formation that could define whether the current bearish structure continues or gives way to a recovery.
Traders are now watching a narrow support range that could either support a rebound or open the door to further losses. Recent price movements have raised uncertainty as volume spikes and volatility widens across the crypto market. Meanwhile, DOGE’s support near $0.17 remains the main focus.
Dogecoin Downtrend Deepens with Repeated Resistance
According to chart updates from Cantonese Cat, Dogecoin remains locked in a consistent weekly downtrend that began after peaking in early 2025.
The pattern is marked by lower highs and lower lows, with the current price testing the lower Bollinger Band near $0.17. A sharp rejection from the mid-Bollinger Band around $0.20 earlier this month reinforced this trend, showing continued seller control.
$DOGE weekly chart
Vicious short term downtrend usually requires a double bottom to fix the technicals before going back up again pic.twitter.com/qq1GOZP4uk
— Cantonese Cat 🐱🐈 (@cantonmeow) June 13, 2025
The analyst’s chart shows a potential double bottom forming near the $0.13 region, echoing a similar structure from April. This recurring formation is often seen during market reversals, typically signaling exhaustion in selling pressure.
The most recent price action aligns with this narrative, as DOGE trades just above that zone.
Cantonese Cat’s analysis suggests this kind of base-building setup may be needed to shift technical momentum. If DOGE breaks above the $0.20 range, currently the mid-point on the Bollinger Band, it could confirm the reversal and drive a move higher.
Until then, risks remain to the downside.
BitGuru noted that the DOGE price failed to sustain momentum after a short recovery. Rejections at $0.22588 and $0.20696 reinforced the ceiling, keeping DOGE in a tightening range below major resistance.
$DOGE reveals a clear downtrend from the 0.25475 peak, with repeated rejections at 0.22588 and 0.20696.
After forming a major low $DOGE saw a short recovery, but the momentum faded and it's now testing the crucial support zone near 0.17000. #DOGE #Tradingview pic.twitter.com/h4LY079wdP
— BitGuru 🔶 (@bitgu_ru) June 13, 2025
The coin is now retesting a long-standing support zone around $0.17000, which could determine whether bulls can defend current levels.
DOGE Volume Activity Spikes Amid Price Decline
DOGE is currently priced at $0.1793, marking a 4.17% decline in the last 24 hours. According to CoinGecko, this reflects a 1.50% loss over the past seven days. However, 24-hour trading volume rose sharply, up 66.20% from the previous day, totaling over $2 billion.
DOGE price on CoinGeckoThis increase in activity suggests rising investor attention as DOGE hovers near a key decision point. The daily range between $0.1713 and $0.1899 shows intraday volatility remains high.
For now, Dogecoin’s support around $0.17 remains a make-or-break level. A breakdown could push prices toward the $0.13 zone, while a breakout above $0.20 could mark the start of a recovery. Market watchers will continue to monitor price behavior closely for confirmation of any shift.
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