If Dogecoin Breaks This Sell Wall, Expect a Rise
The price of Dogecoin (DOGE) has been in a prolonged downtrend for months, reflecting Bitcoin's decline. An analyst suggests this could change soon if a critical sell wall identified on the chart is broken.
Analyst CW highlights this sell wall around $0.09. He points out that if DOGE strongly surpasses this zone, the next strong resistance level wouldn't appear until approximately $1.12. This would represent an increase of over 1,144% from the current level.
The chart shows that DOGE has been trading sideways within a descending channel since September 2025. After falling to a critical support at $0.09 in October 2025, the coin has remained within a range. CW claims that a breakout above this channel could initiate a new bullish trend in days.
Analyst Osemka also observes DOGE oscillating around $0.09 in a narrow range. He considers a downward breakout unlikely, suggesting that the most probable scenario is a strong rise above $0.09. This would invalidate the bearish outlook and could change the trend.
Currently, DOGE is trading around $0.091, remaining below the Exponential Moving Average (EMA) and the descending channel. The market is cautiously watching the developments in this key zone. $BTC $DOGE #Dogecoin
The price of Dogecoin (DOGE) has been in a prolonged downtrend for months, reflecting Bitcoin's decline. An analyst suggests this could change soon if a critical sell wall identified on the chart is broken.
Analyst CW highlights this sell wall around $0.09. He points out that if DOGE strongly surpasses this zone, the next strong resistance level wouldn't appear until approximately $1.12. This would represent an increase of over 1,144% from the current level.
The chart shows that DOGE has been trading sideways within a descending channel since September 2025. After falling to a critical support at $0.09 in October 2025, the coin has remained within a range. CW claims that a breakout above this channel could initiate a new bullish trend in days.
Analyst Osemka also observes DOGE oscillating around $0.09 in a narrow range. He considers a downward breakout unlikely, suggesting that the most probable scenario is a strong rise above $0.09. This would invalidate the bearish outlook and could change the trend.
Currently, DOGE is trading around $0.091, remaining below the Exponential Moving Average (EMA) and the descending channel. The market is cautiously watching the developments in this key zone. $BTC $DOGE #Dogecoin
