Dogecoin (DOGE) is struggling amid increased market volatility and choppy price action. With the final days of the Fourth Quarter (Q4) approaching fast, technical analysts point to weakness in DOGE’s price structure, noting that the meme coin has already fallen 50% and may be gearing up for further correction. If this happens, Dogecoin could end the year in the red, failing to reclaim former highs.
Dogecoin Set To End Q4 In The Red After 50% Crash
Crypto analyst KrissPax has shared a new Dogecoin price analysis on X, warning that the meme coin may end the Fourth Quarter of 2025 in deep recession. According to the analyst, the Dogecoin price has already crashed roughly 50% in Q4, reflecting sustained weakness after a brief period of stability in October.
KrissPax explained in his post that Dogecoin initially showed resilience at the start of October, as price action respected an upward-sloping support trendline. That structure broke decisively during the October 10 flash crash and liquidation event, which the analyst noted was a leverage sweep that marked a significant shift in market behavior.
Since the devastating event, the analyst has stated that Dogecoin has steadily moved lower with no meaningful recovery. Although the meme coin has attempted to break out of its downtrend over the past few months, its weak price action and negative market sentiment have contained any strong bullish rally.
KrissPax has also highlighted the meme coin’s repeated loss of critical support levels, suggesting deeper structural weakness rather than a temporary price pullback. This weakness is clearly reflected in Dogecoin’s price action. According to CoinMarketCap data, DOGE is currently trading at $0.126, down 15% over the past month, and more than 60% year-to-date.
What The Chart Says
In his analysis, KrissPax shared a detailed price chart that reflects Dogecoin’s bearishness throughout the year. The market analyst disclosed that he had tracked the meme coin’s price movements through multiple support zones, including the purple, red, and brown ranges—all of which have failed to hold.
After the October 10 crash, Dogecoin struggled to reclaim the broken support trendline, confirming it as resistance rather than a base for an uptrend continuation. One of the most significant signals highlighted on the chart by the analyst is the Death Cross formation. This technical pattern is often associated with extended downward trends and bearish market sentiment.
After Dogecoin formed a Death Cross, its price continued to trend lower for months. The chart also showed multiple consolidation ranges that ultimately broke to the downside. Each period of sideways movement was followed by another price decline, suggesting heavy distribution rather than accumulation during these pauses. The repeated failure of key support zones further indicates that DOGE buyers were unable to prevent further declines even as selling pressure persisted.
from Bitcoinist.com https://ift.tt/hGxjiqv
Comments
Post a Comment