$DOGE shows one of the clearest distribution structures on the meme coin chart, a textbook descending triangle that often signals deeper declines if demand fails to hold key support.
After months of sideways chop and failed breakouts above $0.175–$0.18, $DOGE has slipped into lower highs against flat support, showing fading retail interest and steady unwind of speculative positions.
👉 Chart Analysis: Descending Triangle
The trendline connects lower highs from March, July, and October 2025, forming resistance near $0.165–$0.17.
Base support around $0.134–$0.136 is being retested for the fourth time, and repeated tests usually weaken it.
If $DOGE loses this level, measured move targets point toward $0.098–$0.105, aligning with the 1.618 Fib extension from the prior rally.
RSI shows bearish divergence while volume keeps fading — classic exhaustion in aging meme assets.
👉 Why It Looks Heavy
1️⃣ Retail liquidity rotated into newer meme coins with higher volatility and fresh narratives.
2️⃣ The “Elon effect” that once drove 30% pumps now barely moves the needle.
3️⃣ 2021–2023 bag holders use each rally as an exit, not an entry.
Result? DOGE trades like a legacy relic, a nostalgia coin living off old tweets.
👉 What Bulls Must Do
Bulls must reclaim $0.175, break the descending trendline with volume, and close daily candles above it.
Without that, rebounds look like lower-high traps, not reversals.
⚠️ Key Downside Targets:
• First flush $0.12
• 1.272 Fib $0.105
• 1.618 Fib $0.098
• Panic zone $0.085
💬 Summary:
The structure says it all. DOGE isn’t dead, just tired and losing heat. Meme history doesn’t pay bills. Until volume returns, it’s drifting, softly barking into the void. 🐶📉
