- Dogecoin falls below the key support line of $ 0.175 after the heights of early May.
- The tradingView analyst identifies three potential price balance zones.
- The contrasting analysis shows a potential bullish corner formation.
The action of the Dogecoin prices has moved to a lower territory in recent days, which has prompted analysts to reassess the trajectory of the same popular corner. At the beginning of May, DOGE briefly affected $ 0.18, but on May 3, he returned to a drop below the support line of $ 0.175.
The price has dropped again until May 6, when it reached a local hollow of just over $ 0.165. At the time of the press, Dogecoin is negotiated nearly $ 0.1734, showing a modest recovery of 3% in the last 24 hours. However, this small rebound did not do much to resolve the growing uncertainty around its broader trend.
While market observers assess the position of the medal, two competing interpretations have emerged on the next Dogecoin movements.
Dogecoin macro resistance points suggest weakness
TradingView Farid Saremi analyst has trace A 3 -hour DOGE / USDT graphic to search for macro trends. Dogecoin in December was able to reach a little above $ 0.50, while January recorded a summit less than $ 0.43.
After these summits, the price fell below a consolidation range from $ 0.18 to $ 0.21. It is now the main balance range, which Dogecoin has fallen underneath, showing a weaker force.
Saremi considers this decline under the area as a ventilation, which means that buyers could not keep it together. Dogecoin does not show any indication of significant growth possibilities in the medium term, and the action of prices continues to be attracted to lower areas in its opinion.
With the elimination of the main balance zone, Saremi finds two alternative levels to follow. The first is $ 0.10894, where price consolidation took place in January 2025. This level is an intermediate support and can become the new equilibrium zone if the lower momentum is maintained.
Lower, another level at around $ 0.07478 is the ultimate destination for bears. This is the point of price cluster that has already existed during the October-November 2024 period.
Saremi added that although external factors such as large holders or news will affect the calendar, synchronization factors will never invalidate the target levels. “We can be late to reach the target, but the targets will be affected,” he said.
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