- Dogecoin dropped from its key support area of $0.1460 yet shows bearish signs that it will pause unless it reaches the next support zone of $0.1318.
- A bearish market breakdown has appeared on Dogecoin’s 4-hour chart through the Break of Structure (BOS) pattern and the price could continue falling unless market momentum reverses.
- The $0.1652 resistance area presents strong barriers for Dogecoin price growth since it would need powerful buying activity to surmount this threshold.
Dogecoin (DOGE), the ninth-largest cryptocurrency by market cap, has broken below a critical support level, raising concerns about a deepening downtrend. A sudden market crash of 16.6% has pushed DOGE to trade below $0.1376 being significantly lower than previous all-time highs. The market structure experiences a clear breakdown through this movement which indicates new bearish potential unless strong support surfaces.
Dogecoin Breaks Support: BOS Formation Signals Bearish Trend
Dogecoin shows technical breakdown in its 4-hour chart because it has broken through previous swing low support levels.The BOS formation occurred after the $0.1920 lower high where sellers dominated the market preventing buyers from reestablishing their position at higher price levels.
#Dogecoin Downtrend Continues 🩸🩸🩸$Doge has broken down the previous swing low, causing a "Break of Structure" (BOS) and is now seeking support to form a bottom. pic.twitter.com/cjln6GVZPE
— Trader Tardigrade (@TATrader_Alan) April 7, 2025
The market breakdown resulted in DOGE prices plummeting under its previous support at $0.1460 to establish $0.1318 as short-term significant support.
Dogecoin Tests $0.1318 Support, Resistance at $0.1652
As of now, Dogecoin is attempting to find support near $0.1318. This price level holds high commercial importance because it marks both the recent swing low position and previous price response patterns in this particular zone. If market support fails to maintain its position the Dogecoin price will target $0.1250 minimum before potentially reaching lower levels because bearish momentum keeps intensifying.
The price meets strong resistance near $0.1652 because traders have conducted transactions in this area. The resistance at this point remains strong because the area previously experienced price consolidation and bullish recoveries would encounter major obstacles here. DOGE requires buying pressure to break out above this zone if it wants to achieve meaningful price appreciation.
Trend Analysis and Market Implications
On the 4-hour timeframe the trend structure depicts a bearish pattern because it shows continuous movements of lower highs and lower lows. The bounce attempts to surpass previous highs but ends short of reaching them which demonstrates weak market interest while indicating strong selling pressure above. The empty BOS space on the chart shows evidence of this bearish downtrend pattern continuing.
The price of Dogecoin faces declining chances of recovery unless it establishes a new high point in upcoming trading sessions. Market participants choose to stay cautious before price actions demonstrate stable or reversing trends.
Dogecoin Seeks Bottom as Bearish Structure Holds
Technical traders and market analysts will scrutinize the market for buy signals which may occur near support areas that show increased volume. The present short-term market sentiment is expected to persist because of this situation.
Crypto market volatility creates possible scenarios for rapid price shifts that may be caused by factors from within the macro scale or news-based events.Dogecoin’s technical structure suggests that the cryptocurrency is still seeking a bottom.