Dogecoin (DOGE) is facing downside risk after an analyst hinted at a possible move towards $0.08, citing several bearish technical signals and weaker market participation.
Dogecoin’s bearish patterns signal trend weakness. Not all analysts agree on the direction
In a post on X, crypto analyst Marcel said that DOGE is “showing strong bearish signals,” indicating the formation of a death cross and a head and shoulders pattern on higher timeframe charts. According to the analyst, these structures suggest that the recent price consolidation could possibly be to the downside reasonably than marking a base.
Source: X
Dogecoin’s bearish patterns signal trend weakness
The analyst talked about two necessary technical developments.
First, DOGE has printed a death cross where the short-term moving average slips below the long-term average, a pattern often related to sustained downtrends reasonably than short-term pullbacks. Secondly, a head and shoulders formation appears to be developing, with price failing to achieve previous highs and momentum fading with each recovery attempt.
DOGE/USD each day price chart. Source: CoinMarketCap
Together, the patterns imply a weakening of trend strength and increase the likelihood of a deeper retracement if support levels fail. The analyst identified $0.08 as a crucial downside level to control in case selling pressure increases. At press time, DOGE is trading at $0.12.
The technical warning comes as Dogecoin continues to lag other major altcoins within the ETF market. DOGE spot ETFs have repeatedly recorded zero net inflows, with total assets hovering around $5.25 million and each day trading volumes remaining low.
In contrast, XRP, Solana and HBAR spot ETFs have continued to draw fresh capital, suggesting that investors are usually not retreating from altcoin exposure entirely but are as a substitute taking a selective approach. The lack of ETF participation in DOGE reduces structural demand and removes a possible source of downside support during times of technical weakness.
Analysts generally view ETF inflows as a stabilizing force during corrections. Since DOGE will not be affected by this flow trend, its price is more exposed to chart-driven selling.
Not all analysts agree on the direction
Not all analysts share the pessimistic outlook. In a separate post the BeLaunch The report outlined a conditional bullish scenario for DOGE, noting that the token has been consolidating below a descending trend line for several months.
Source: X
According to BeLaunch, the worth decline appears to be nearing resolution, with bullish momentum only being unleashed when DOGE breaks above resistance with confirmation. The analyst identified $0.21 as a possible upside goal but emphasized that traders should wait for a confirmed breakout reasonably than anticipating it.
The $0.08 zone aligns with previous support from previous market cycles and represents a level at which buyers have previously intervened following prolonged declines. A move into this range would represent a more profound realignment of DOGE's current structure, reasonably than a routine pullback.
