Dogecoin Eyes Rebound After Multi-Year Trendline Break Tests $0.15 Floor

Why It Matters

The trendline break signals a potential long‑term bearish shift for DOGE, pressuring high‑beta crypto assets and testing market confidence ahead of any ETF approval. It also underscores how broader macro risk‑off sentiment, driven by Bitcoin’s death‑cross, can amplify downside in meme‑coin markets.

Summary

Dogecoin slipped 5% from $0.161 to $0.153, breaking a multi‑year ascending trendline and triggering a volume surge of 168% above average, a pattern typical of institutional‑driven selling. Whale cohorts accumulated roughly 4.72 billion DOGE (about $770 million) over the past two weeks, but the buying pressure failed to halt the decline. The token now rests on a fragile horizontal support at $0.1520, with a bounce to $0.159‑$0.160 needed to stave off further downside toward $0.150‑$0.120. Market watchers are also eyeing potential spot DOGE ETF filings by Bitwise and Grayscale as a possible catalyst.