Dogecoin Teeters on the Edge: Price Action Squeezes Tight in Bearish Showdown

Dogecoin's price is coiled like a spring—and the market's holding its breath.

The tension mounts

DOGE charts are painting a classic bearish pattern, with volatility shrinking by the hour. Traders are eyeing the narrowing bands like hawks, waiting for the breakout—or breakdown.

Memes vs. gravity

Even crypto's favorite joke coin can't laugh off technicals forever. The tighter the squeeze, the harder the snap—and this dog might finally bite back. (Wall Street analysts, meanwhile, are still trying to explain how a Shiba Inu became a 'serious investment.')

Next move?

Bulls and bears are locked in a tug-of-war, but that triangle won't hold forever. When DOGE breaks, it'll break fast—just don't ask which way.

If the memecoin‘s price closes below the $0.165 level, it could open the door for a MOVE toward the next significant support around $0.145, as defined by the previous demand zone within the triangle.

However, as long as the $0.165–$0.17 zone holds, there’s still a chance for a range-bound bounce. That said, the broader bias remains bearish unless the descending triangle pattern is invalidated by a breakout above the descending trendline resistance with a daily close above it.

From an indicators standpoint, the bearish scenario appears more likely at this stage. The price is trading well below both short-term 20-day EMA and long-term 200-day SMA, both of which are trending downward. RSI hovers around 36, approaching oversold levels. The MACD also remains in negative territory, with the signal line above the MACD line and no bullish crossover in sight.