The 4-hour chart for DOGEUSDT reveals a weakening structure, with price currently hovering just above a key support at $0.16863, which also aligns with the marked TP1/Daily Support level. Price action has been consistently rejected from the upper zone near $0.18500–$0.18756, confirming that supply is dominant at higher levels.
The Supertrend indicator remains firmly red and is trailing far above the current price — a strong confirmation that the trend bias is still bearish. Each attempt to retest or reclaim higher ground is quickly sold off, indicating a lack of bullish conviction.
From a structural perspective, DOGE recently formed a lower high followed by a breakdown beneath the local mid-range. This has pushed the price back into a distribution-to-breakdown zone, where the probability of further downside is increasing. If the current support at $0.16863 breaks with momentum, the next obvious liquidity pool is sitting near $0.15285, which is already marked as the Next Support/TP2. That level could serve as the next major bearish target.
Volume also supports a bearish narrative — despite brief surges, the recent volume profile shows no sustained buying pressure, and sellers remain in control around each resistance test. The failure to push above the $0.173–$0.175 region in the last bounce attempt further reinforces the weakening bullish effort.
While some buyers may attempt to defend the $0.168 level, the lack of follow-through on rebounds suggests this support is softening. A clean 4H close below $0.168 — especially on volume — would likely trigger stop-losses and lead to a swift drop toward $0.160 and then $0.152.
If you're looking to position with the bearish trend:
• A low-risk short entry could be placed on any failed bounce near $0.173–$0.175 (prior local supply zone).
• Ideal targets remain at $0.160 and $0.15285.
• Stop-loss can be positioned just above $0.177–$0.180, depending on your risk appetite.
Given the current structure, DOGE is making lower highs, testing support more frequently, and showing no bullish divergence in volume — all classic signs of a market preparing for a breakdown. Unless a sudden reversal in momentum occurs (which would require DOGE reclaiming at least $0.180), short setups are favored.
The Supertrend indicator remains firmly red and is trailing far above the current price — a strong confirmation that the trend bias is still bearish. Each attempt to retest or reclaim higher ground is quickly sold off, indicating a lack of bullish conviction.
From a structural perspective, DOGE recently formed a lower high followed by a breakdown beneath the local mid-range. This has pushed the price back into a distribution-to-breakdown zone, where the probability of further downside is increasing. If the current support at $0.16863 breaks with momentum, the next obvious liquidity pool is sitting near $0.15285, which is already marked as the Next Support/TP2. That level could serve as the next major bearish target.
Volume also supports a bearish narrative — despite brief surges, the recent volume profile shows no sustained buying pressure, and sellers remain in control around each resistance test. The failure to push above the $0.173–$0.175 region in the last bounce attempt further reinforces the weakening bullish effort.
While some buyers may attempt to defend the $0.168 level, the lack of follow-through on rebounds suggests this support is softening. A clean 4H close below $0.168 — especially on volume — would likely trigger stop-losses and lead to a swift drop toward $0.160 and then $0.152.
If you're looking to position with the bearish trend:
• A low-risk short entry could be placed on any failed bounce near $0.173–$0.175 (prior local supply zone).
• Ideal targets remain at $0.160 and $0.15285.
• Stop-loss can be positioned just above $0.177–$0.180, depending on your risk appetite.
Given the current structure, DOGE is making lower highs, testing support more frequently, and showing no bullish divergence in volume — all classic signs of a market preparing for a breakdown. Unless a sudden reversal in momentum occurs (which would require DOGE reclaiming at least $0.180), short setups are favored.
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Trade forex, indices, stocks and metals with up to US$100.000 in company's funding.
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.