Dogecoin trades at $0.1634, near its long-term ascending support line, following a 2.3% price drop.
The 2023–2025 structure replicates 2015–2017, showing three peaks before a critical support retest.
DOGE holds above $0.1618 support, while the BTC pair trades at 0.051514 BTC with a 1.3% change.
Dogecoin’s price action is approaching a crucial support zone, reflecting a pattern similar to its 2015–2017 market structure. Based on historical comparisons, the current price movement between 2023 and 2025 forms an almost identical setup. The latest Dogecoin price stands at $0.1634, reflecting a 2.3% decline over the last session. Notably, the token now trades near its short-term support level of $0.1618, remaining within a 24-hour price range capped by resistance at $0.1675.
The price action has been continuously repecting a long-term ascending support line on the broader chart. This upward trendline has held since the previous cycle and continues to be valid today. The subsequent directional change in Dogecoin will probably depend on the response of the market at this level.
Historical Pattern Comparison Highlights Three Key Peaks
In hindsight, Dogecoin formed three obvious tops between 2015 and 2017, each top being followed by a retest of support. The previous patterns were all followed by a strong breakout from the consolidation zone.
https://twitter.com/galaxyBTC/status/1941365134225477817
A comparable pattern has been created in the time range 2023 to 2025 now, marked by three consecutive peaks with the trendline retest in progress currently. This parallelism shows how market participants have responded identically in two distinct market cycles.
Interestingly, the current price has once again reached this long-term support area. Whether it holds this level or not can turn out to be crucial in determining short-term price direction.
Dogecoin Holds Support as Price Decline Slows
So far, Dogecoin's price decline is still within bounds, fluctuating above the established support level of $0.1618. Price action in the past 24 hours has been oscillating between the resistance and support levels, indicating conservative market sentiment.
But in spite of the recent 2.3% decline, the price still maintains alignment along the historical trendline. This indicates that the sellers have not clearly broken the rising trajectory yet.
BTC Pairing and Broader Trendline Remain Relevant
Dogecoin is trading at about 0.051514 BTC against Bitcoin, indicating a movement of 1.3% in the previous session. The BTC pair is relatively stable against USD volatility.
It is worth noting that the long term trendline is not broken, and the general price chart structure is informed by it. Once the price gets near this zone, traders are waiting to see whether the level will hold or break.
