Dogecoin retests $0.090; analyst says bottom not in, downtrend continues

Dogecoin retests $0.090 support. Analysts split on the bottom.

Dogecoin (DOGE) erased its early-week bounce and hit ~$0.090 on Thursday. Market watcher Rekt Capital warns the correction may continue, while Trader Tardigrade sees a bottom forming.

Rekt Capital says DOGE lost its multi‑year uptrend in November after a monthly close below an ascending support from early 2023. He adds the coin confirmed a macro downtrend after its late‑2024 cycle peak near $0.484. Sources: Rekt Capital newsletter, NewsBTC.

He notes price sits at the range low, a key reaction zone that flipped from resistance to support in 2024. A short‑term relief rally is possible if this level holds. But past bear trends suggest this support may break over time before a deeper bottom forms. Sources: Rekt Capital, NewsBTC.

Others argue the bottom may be in. Trader Tardigrade points to a third retest of a decade‑long support that preceded rallies in 2017–2018 and 2021, when DOGE ran to $0.017 and $0.731 respectively. He says the setup mirrors past ATH phases and a falling‑wedge end, calling it a “prime accumulation window.” Sources: Trader Tardigrade on X, NewsBTC.