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Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
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Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

Dogecoin Just Hit Its Final Support—Bulls Have One Last Shot

Jake Simmons
Jake Simmons
4 months ago
3 mins read
Dogecoin price news

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Dogecoin begins June balanced on the knife-edge of a major technical fulcrum, its next decisive swing likely to be dictated by a narrow band of support that both Kevin (@Kev_Capital_TA) and Cantonese Cat (@cantonmeow) have brought into sharp relief.

Dogecoin Showdown At $0.19

On Kevin’s daily view the focus is the $0.1901–$0.1839 corridor. The zone is not arbitrary: it is anchored by the 50 percent Fibonacci retracement of the explosive May 11 surge ($0.2597) and is buttressed overhead by the 0.618–0.65 retracement cluster at $0.1976 and $0.2005.

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Dogecoin Forms Ascending Triangle On Daily Chart, Here’s The Target

4 months ago

Friday’s long red candle sliced through the Ichimoku conversion line and halted within a whisker of that 0.50 fib, producing the first genuine retest of the newly minted floor. A daily close below would expose the 0.382 marker of the same leg at $0.1694 and, beyond that, the lower rail of the multi year-long descending trend line now angling toward the $0.14s later this month. Conversely, a sustained bid inside the band would confirm it as the staging ground for another upside attempt toward the 0.703 extension at $0.2117.

Dogecoin technical analysis
Dogecoin technical analysis, 1-day chart | Source: X @Kev_Capital_TA

Cantonese Cat’s analysis frames the identical area as the neckline of an inverse head-and-shoulders carved out over three months. The mid-March swing low formed the left shoulder, the early-April capitulation produced a deeper head, and the early-May trough completed the right shoulder.

The neckline—shaded turquoise between roughly $0.187 and $0.194—was pierced decisively on May 9, after which price has drifted back for a textbook throw-back retest. Holding the neckline keeps the reversal intact; slipping beneath it would void the pattern and hand momentum back to bears.

Dogecoin inverse head and shoulders pattern
Dogecoin inverse head and shoulders pattern, 1-day chart | Source: X @cantonmeow

Long-Term DOGE Outlook Remains Bullish

A broader perspective comes from Cantonese Cat’s monthly chart, where Dogecoin has printed seven straight inside the $0.16 to $0.42 range. That compression appears within a primary bullish trend defined by successive higher highs (May 2024 and November 2024) and higher lows (August 2024 and April 2025).

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Dogecoin price news

Dogecoin Enters Danger Zone — Chartist Predicts Sharp Drop Ahead

4 months ago

Inside-bar squeezes of this length rarely remain dormant: statistically the break often travels a distance comparable to the range of the parent candle—about 26 cents in this case—once either side wrests control. Until that break arrives, the $0.16 floor and the $0.42 ceiling of November’s wick delineate the outer limits of consolidation.

Dogecoin price analysis
Dogecoin price analysis, 1-month chart | Source: X @cantonmeow

Resistance overhead remains layered. Should buyers defend the neckline and reclaim the $0.20 handle, Kevin’s $0.2117 extension becomes the first waypoint. Beyond lies the $0.25–$0.26 band, which capped May’s rally. A clean move through that shelf would almost certainly signal that the monthly compression has resolved higher and put the $0.29 figure line on the radar.

For now, however, the market’s field of vision has narrowed to a stripe barely one cent wide. It is here—between $0.190 and $0.184—that the memecoin’s inverse head-and-shoulders neckline meets Kevin’s critical Fibonacci shelf. As the analysts agree, Dogecoin’s immediate fate hinges on whether that ledge holds or crumbles in the days ahead.

At press time, DOGE traded at $0.19211.

Dogecoin price
DOGE needs to hold the mid-line of the channel, 1-day chart | Source: DOGEUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com
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Jake Simmons
Jake Simmons

Jake Simmons

Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with NewsBTC.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field.

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His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone.
With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake’s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage.

Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control.

For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality.

As a journalist, Jake’s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies.

In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it’s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake’s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time.

You can engage with his latest takes on Twitter: @realJakeSimmons.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

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