Oh great, another day in the crypto circus! Dogecoin’s multi-year recovery is now teetering like a toddler on a trampoline, thanks to a price slip that’s got analysts in a tizzy. 🤯
Dogecoin Is Inches Away From A Bear Market
Rekt Capital, the guy who probably owns a calculator and a frown, shared a chart that’s basically a warning sign with a puppy on it. “Dogecoin needs to protect its multi-year technical uptrend,” he says, as if that’s something that actually happens. 🚨
The chart shows Dogecoin’s journey from the 2021 blow-off top (read: everyone’s favorite meme coin going full “I’m not a scam, I’m a revolution”) to the 2022-2023 bear market (aka the time when even your grandma’s crypto portfolio cried). The rising trendline? It’s currently sitting just below $0.18, which is like a “don’t touch this” sign for your savings. 💸
But here’s the kicker: Dogecoin is now trading at $0.16355, which is like getting a “maybe” when you asked for a “yes.” It’s hugging the $0.159 level, a spot that’s flipped between support and resistance faster than a TikTok trend. 🔄
Back in 2024, that $0.159-0.16 band was a ceiling so strong, it could’ve stopped a bullet. But then it broke, and Dogecoin went on a wild ride, tripling in price. Now, it’s acting like a toddler who’s been told “no” for the 10th time. 😭
What To Watch Now
So, what’s the deal now? Dogecoin is basically playing chicken with a bear market. If it can’t close above the trendline, it’s not just a bad day-it’s a full-blown crisis. Or maybe just a bad week. Who knows? 🤷♂️
Rekt Capital is basically saying, “Don’t mess this up, or we’ll all be back to eating cereal for dinner.” And at press time, Dogecoin’s price is $0.1626, which is basically a “wait, is this real?” moment. 🤔
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2025-11-18 04:18