Dogecoin is urgent on a well-known technical hinge on the weekly chart. In a setup highlighted by crypto analyst Cantonese Cat (@cantonmeow), DOGE has accomplished a 3rd multi-month descending trendline check in as many cycles, with value now hovering just under 1 / 4 greenback after a quick breakout and early retest.
On the 1-week timeframe, the chart exhibits three distinct bear-market trendlines and subsequent expansions. The primary downtrend, drawn from late-2022 swing highs by way of mid-2023 decrease highs, was damaged in September 2023. From that breakout level, DOGE superior roughly 230%, marking the cycle’s preliminary growth part.
The second sequence repeated throughout late-2023 into 2024: an April–June 2024 distribution created a recent descending line that capped value by way of October 2024, when a weekly shut by way of the road triggered the subsequent impulse. From that October 2024 breakout, the advance prolonged about 350% into the late-2024 peak.
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Value motion for the reason that November–December 2024 excessive close to $0.48 carved the third descending trendline. Over the previous a number of candles, DOGE pushed by way of that line, then slipped again towards it, producing a traditional “return transfer” on decreased momentum. As of the chart’s timestamp (Sep. 29, 2025, 00:04 UTC), DOGE trades round $0.2369 on the weekly, a degree that sits in the midst of this retest zone.
Golden Cross Or One Extra Dip For Dogecoin?
Crypto analyst Cas Abbé (@cas_abbe) is carefully monitoring the day by day chart, the place a golden cross between the 100-day SMA ($0.2192) and the 200-day EMA ($0.2199) is forming. Traditionally, such crossovers have signaled the start of prolonged bullish phases.
Abbé careworn the broader market affect of a Dogecoin rally, noting: “DOGE golden cross is approaching quickly. This is among the alts I’m paying very shut consideration to. The reason being quite simple: When DOGE pumps, Altseason begins.” His key threshold is $0.33, a resistance degree that has capped a number of rallies. A clear break above it might speed up capital rotation into the broader altcoin market. “If DOGE manages to pump above $0.33, alts will go bonkers,” he famous.
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In the meantime, liquidity dynamics add nuance to the technical image. Cryptoinsightuk (@Cryptoinsightuk) shared a liquidity heatmap indicating dense bids round $0.18, whereas provide concentrations above $0.30 kind notable resistance zones. He defined his tactical strategy: “Due to this I’ve closed my DOGE lengthy barely within the inexperienced and I’ve positioned bids round $0.18.” This displays a market construction the place merchants are positioning for draw back liquidity sweeps earlier than potential continuation greater.
At the moment buying and selling close to $0.229, DOGE sits on the intersection of conflicting indicators. On one aspect, the historic sample of breakouts from descending trendlines, the upcoming golden cross, and Abbé’s $0.33 breakout degree argue for bullish continuation. On the opposite, liquidity maps counsel vulnerability to deeper retracements towards $0.20–0.18 earlier than any sustained rally.
Featured picture created with DALL.E, chart from TradingView.com
