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Dogecoin Trades Near Key Monthly Ichimoku Support Zone
Dogecoin Analysis Highlights
- Dogecoin is trading near a key monthly Ichimoku cloud support level, currently hovering around $0.14050.
- The monthly candle opened at $0.14599 with a high of $0.15340 and a low of $0.13177, showing a downward trend.
- Current price is below the Tenkan-sen ($0.20092) and Kijun-sen ($0.27491) lines, indicating weak momentum.
- The lower boundary of the Ichimoku cloud, between $0.12–$0.14, serves as crucial support; a breach may imply further decline.
- Weekly chart shows Dogecoin within a $0.135–$0.145 support zone, previously a resistance level.
- Price remains under the 20-, 50-, 100-, and 200-week EMAs, with pressure from the overhead supply region.
- Breaking below the rising trendline indicates additional bearish sentiment.

The current trading dynamics suggest that maintaining above the $0.12–$0.14 range is critical for sustaining a long-term bottoming structure rather than experiencing a breakdown.