Dogecoin Under Intense Pressure: Price Gets Squeezed Between Critical Moving Averages

Dogecoin finds itself caught in a classic technical squeeze—trading between key moving averages as traders hold their breath for the next big move.

The meme coin that refuses to die

While 'serious' investors dismiss DOGE as a joke, its persistent market presence continues to defy expectations. The current consolidation between moving averages represents yet another chapter in its unlikely survival story.

Pressure builds beneath the surface

Technical indicators suggest building tension as buying and selling forces reach equilibrium. This compression typically precedes significant price movements—either explosive breakout or painful breakdown.

Market watches for the squeeze play

Traders monitor these levels closely, knowing that broken support or resistance could trigger cascading orders. The question isn't if DOGE will move, but when and how violently.

Remember: in crypto, even the jokes can hurt—especially when your portfolio's on the line.

As shown on the chart, Dogecoin’s price has been forming lower highs, indicating a consistent overhead resistance (marked by the descending dashed line). This pattern suggests that buying momentum is weakening with each rally attempt.

A crucial battle is unfolding around the $0.214 support level, a horizontal line that has been repeatedly tested. The candles are seen hovering around this support, indicating a strong defense by buyers at this psychological and technical barrier.

A new point of interest is the squeeze forming between two key moving averages:

• The 50-day Simple Moving Average (SMA), represented by the orange line, is currently sitting above the price.
• The 100-day Simple Moving Average (SMA), represented by the blue line, is positioned below the price.

The price is now being pressured directly between these two moving averages. This compression often leads to strong price movements. As the market builds energy before making a breakout in one direction or the other. If the price breaks below the 100-day SMA, it could signal further downside. The next support Doge could find is at $0.17 which was the low point of August. 

Conversely, a decisive MOVE above the 50-day SMA could indicate a bullish resurgence. With this price can re-enact the July rally and hopefully break the $0.4 this time.

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Disclaimer: This content is for informational purposes only and does not constitute financial advice. crypto asset investments carry regulatory risk and may not be suitable for all jurisdictions.