Dogecoin is facing pressure near long-term channel resistance, where past rallies have failed. At the same time, intraday order flow shows buyers defending support near $0.080, keeping a short-term rebound setup alive. Dogecoin Tests Long-Term Channel Resistance as Bearish Pattern Reappears Dogecoin (DOGE) has reached a major resistance zone that previously triggered sharp declines, according to analyst Trader Tardigrade. The monthly chart shows DOGE once again testing the upper boundary of a long-term descending broadening channel that has contained price action for years. Dogecoin Monthly Chart (DOGE/USD). Source: Trader Tardigrade on X / TradingView The chart highlights multiple historical rejections from the channel's upper trendline. Similar setups appeared in 2017 and 2020, when rallies into resistance were followed by significant declines. DOGE is now revisiting that same area, placing the current trend at an important technical crossroads. According to the analysis, DOGE has also broken below a rising support structure that developed during the latest advance. The loss of that ascending trendline suggests bullish momentum may be weakening as price approaches overhead resistance. The descending broadening channel remains the dominant pattern on the chart. As long as DOGE stays below the upper channel boundary, the analysis favors another rejection rather than a sustained breakout. The chart projection points to a potential move toward lower channel support if sellers regain control. For now, the key level to watch is the channel resistance zone. A rejection from this area would reinforce the historical pattern seen during previous cycles, while a confirmed breakout above resistance would challenge the bearish outlook presented in the chart. Dogecoin Buyers Defend Key Support as Order Flow Signals Potential Rebound Dogecoin (DOGE) is showing signs of buyer absorption near a key support zone after testing liquidity below the value area low (VAL), according to DailyTradeSetups. The order flow setup suggests sellers may be losing momentum as buyers step in around a critical demand area. Dogecoin Intraday Chart (DOGE/USD). Source: DailyTradeSetups on X The chart highlights DOGE trading near an entry zone around $0.08033 after briefly moving below the value area low (VAL) at approximately $0.08088. According to the analysis, buyers absorbed selling pressure in a relatively thin order book, preventing a deeper decline. A bullish delta divergence also appeared during the test of support. While price revisited lower levels, order flow data indicated stronger buying activity beneath the surface, a signal often associated with accumulation and potential reversals. The setup identifies a stop-loss level near $0.07730, while the first upside target sits around $0.08639. A second target is located near $0.08941, which aligns with a higher liquidity and resistance zone shown on the chart. From a market profile perspective, the point of control (POC) near $0.08270 remains an important level. A sustained move back above that area could strengthen the bullish case and improve the probability of reaching the projected targets. For now, the analysis suggests DOGE is attempting to stabilize after absorbing selling pressure below support, with buyers aiming to push price back toward the $0.086-$0.089 resistance region.
