Dogecoin Struggles as Sellers Keep Control, Recovery Uncertain

Dogecoin sellers remain dominant, with the market seeing a significant drop over the past week. Bearish indicators suggest the trend is strengthening, making recovery uncertain. Technical charts reveal continued downward pressure, with key support levels at risk of breaking if buyers don’t step in.

If this decline continues, DOGE could test a critical support zone, and a drop below this could mark its lowest level in months. However, if hype around meme coins resurfaces, DOGE could attempt to reverse its losses. Key resistance levels remain in place, and breaking them will be essential for any significant rebound.

The Ichimoku Cloud analysis signals a bearish trend, with Dogecoin trading below both the conversion and baseline indicators. This setup confirms weak short-term momentum and a lack of buying strength. The red cloud ahead reinforces negative sentiment, suggesting that price recovery remains unlikely unless DOGE can break above these key technical barriers. A move into the cloud would indicate a shift to a neutral phase, but for now, the outlook remains negative.

Until the price moves past these resistance lines or the cloud turns green, any temporary price increases could just be short-lived corrections rather than a real trend reversal. If selling pressure continues, DOGE may keep dropping toward lower support zones.

Technical indicators show that sellers are firmly in control, with trend strength rising sharply. A key market index, which tracks the strength of price movements, has significantly increased in the past two days, confirming that the current downward trend is gaining momentum. Meanwhile, selling pressure has increased, while buying interest has weakened. This widening gap between selling and buying indicators suggests DOGE’s price is likely to remain under pressure unless a major shift occurs.

For a possible turnaround, the buying index would need to rise while the selling index declines, signaling a potential trend change. Until then, the market remains in a strong downtrend, and further losses may be expected.

Dogecoin’s chances of reclaiming a key resistance level remain slim in the short term. If the downtrend persists, DOGE could soon test another critical support area, which will determine whether further declines are likely. Breaking below this zone would reinforce bearish sentiment and put DOGE at its weakest point in several months. The lack of strong buying activity suggests that downward movement remains the path of least resistance unless momentum shifts.

However, if meme coin excitement returns and buying interest picks up, DOGE could break out of its current structure and attempt a recovery. The first major hurdle would be a resistance level that, if cleared, could open the door to further gains. A sustained uptrend could then push the price toward another key resistance area, and if bullish momentum grows, DOGE could extend its recovery even further.

For this scenario to play out, DOGE would need to see a significant rise in trading volume and a shift in trend indicators, signaling that sellers are losing control. Until that happens, the market remains in a strong bearish phase.