Fun

Dogecoin’s Fate Hinges On This Price Level, Analysts Agree

News Feed - 2025-06-04 09:06:34

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 Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.


Dogecoin is probing its most-contested price shelf of 2025, and two respected technicians— Cantonese Cat (@cantonmeow) and ANBESSA (@Anbessa100)—have reached the rare point where their short-term and high-time-frame road maps overlap almost perfectly. Dogecoin Just Hit Its Make-Or-Break Zone


Cantonese Cat’s daily chart, published late on June 2, highlights a turquoise demand band stretching from $0.1850 to $0.1950. That ribbon has flipped roles repeatedly since February: first cushioning the price action in late-February, and then capping March and April’s rebounds. Related Reading Dogecoin Just Hit Its Final Support—Bulls Have One Last Shot 1 day ago


After last week’s four-day decline, three successive bodies have closed inside the rectangle while intraday wicks penetrated its floor—forming what the analyst dubbed a “trident bottom”. Dogecoin price analysis | Source: X @cantonmeow


As Cantonese Cat put it: “It’s not a tweezer bottom; it’s a trident bottom to test demand. Now let’s see if $DOGE forks it all up from here.” A daily close above the upper edge would re-expose the early-May breakdown gap at $0.1950–0.2150; a decisive slip beneath $0.1850 would bring the April low near $0.13 back into contention. Parabolic Curve Continues To Predict All-Time High


ANBESSA’s one-day schema—also dated June 2—places the same price action in a fifteen-month context. The chart begins with the September 2024 spot entry at roughly $0.09 and follows an explosive rally that carried Dogecoin 413% higher, a move annotated as 0.3892 on the graph. Dogecoin technical analysis | Source: X @Anbessa100


What followed was a three-wave retracement that unwound 73% of that advance, then a counter-trend rally of 70.22% to $0.2597. From ANBESSA’s perspective, the current sell-off is a textbook correction to the 0.382 Fibonacci retracement of the entire move at $0.1412, intersecting both the rising parabolic guide-curve and the 99-day moving average (red).


“Still perfectly in sync with my projection… a clean 80 % bounce, followed by a textbook throwback to the 0.5 fib and 99 MA Daily (parabola retest), exactly as projected. In a bull market, dips are made for buying,” the analyst wrote, adding the reminder to keep “HTF risk-management below POC.” Related Reading Dogecoin Price Forms Inverse Head And Shoulders Pattern To Suggest Quick Reversal To $0.25 5 days ago


Volume-profile bars on the right side of ANBESSA’s chart emphasise why both traders care so much about the twenty-cent neighbourhood: the point of control (POC) sits just above $0.20, framing the single deepest pocket of historical trading interest since 2024.


Above that pivot, the next Fibonacci magnet is the 0.618 level at $0.2686, immediately followed by an ascending trendline near $0.28. Notably, this region is dense with resistance as another descending trend-line drawn from the December-January highs sits around $0.29-$0.30.


A successful break of this zone would project to the heavy‐volume shelf at $0.3498 and, further out, the 0.786 retracement at $0.4245. Conversely, failure at the current confluence would expose the 0.382 retracement at $0.1412, with an intermediate control zone flagged on ANBESSA’s chart at $0.1625.


Momentum is neutral for now: the Triple-MA ribbon (7-, 21-, 99-day) on ANBESSA’s chart has compressed, and daily RSI (not shown) hovers in the mid-40s. In other words, price alone will settle the debate.


Cantonese Cat’s microstructure “trident” and ANBESSA’s macro-structure “throw-back” both place the battleground inside the same cent band. Whether Dogecoin has in fact printed its correction low will be revealed by what traders do— and just as crucially, where the next daily candle closes—in that $0.1850–$0.1950 corridor.


At press time, DOGE traded at $0.196. DOGE found support at the mid-line of the channel, 1-day chart | Source:DOGEUSDT on TradingView.com Featured image crated with DALL.E, chart from TradingView.com

News Feed

2x Bitcoin: Wanna Double Your BTC to the Moon? Forget About It
2x Bitcoin: Wanna Double Your BTC to the Moon? Forget About It Amid worldwide crisis and stock market turmoil, a growing number of investment schemes advertise a way to speedily
Biden Says US Economy Is ‘Strong as Hell’ — White House Claims the President ‘Has Done the Work’ to Fix Inflation
Biden Says US Economy Is "Strong as Hell" — White House Claims the President "Has Done the Work" to Fix Inflation U.S. President Joe Biden has been criticized for stating that th
Can SOL reclaim $170? Two indicators scream 'buy'
Marcel Pechman4 hours agoCan SOL reclaim $170? Two indicators scream "buy"SOL derivatives and the Solana network have remained stable, indicating that traders and users are not ready to give up.4243 Total views93 Total s
Gareth Jenkinson9 hours agoBlockchain IoT firm Nodle goes open source with Web3 Bluetooth ‘nanocomputer’ stickerNodle unveils open-source Bluetooth ‘nanocomputer’ N1 sticker aimed at increasing IoT connectivity a
JPMorgan CEO Jamie Dimon Says Banking Crisis Not Over — Warns of ‘Repercussions for Years to Come’
JPMorgan CEO Jamie Dimon Says Banking Crisis Not Over — Warns of "Repercussions for Years to Come" JPMorgan Chase CEO Jamie Dimon says the U.S. banking crisis is not over and 
South Korean Regulators Warn Dozens of Foreign Exchanges to Comply With New Rules
South Korean Regulators Warn Dozens of Foreign Exchanges to Comply With New Rules Overseas crypto exchanges marketing to Koreans will be blocked if they fail to
CoreWeave expands Core Scientific computing deal by $1.225B
Derek Andersen5 hours agoCoreWeave expands Core Scientific computing deal by $1.225BCore Scientific is well-positioned to take advantage of new opportunities at its mining facilities.577 Total views1 Total sharesListen t
David Attlee3 hours agoTwo more crypto bills in the US: Law Decoded, July 17–24Last week was marked by two new legislative initiatives for the crypto industry in the United States.1975 Total views5 Total sharesListen t
SEC is attempting to classify Ether as a security: Report
Turner Wright5 hours agoSEC is attempting to classify Ether as a security: ReportSeveral U.S.-based companies reportedly received subpoenas from the SEC related to attempts to label Ether as a security.4100 Total views8
LBank Exchange Will List Town Star (TOWN) on September 2, 2022
LBank Exchange Will List Town Star (TOWN) on September 2, 2022 press release PRESS RELEASE.INTERNET CITY, DUBAI – LBank Exchange, a global digital asset trading platform, wil
SportIcon Launches Innovative NFT Platform That Connects Fans With Exclusive Athlete Content
SportIcon Launches Innovative NFT Platform That Connects Fans With Exclusive Athlete Content press release PRESS RELEASE. NFTs have emerged as a unique digital asset in the past 24
Tether and Smartpay to Offer USDT at More Than 24,000 ATMs in Brazil
Tether and Smartpay to Offer USDT at More Than 24,000 ATMs in Brazil Tether, the company behind the issuance of usdt, the biggest dollar-pegged stablecoin in the cryptocurrency mar