Dogecoin (DOGE) Price Weakens as Bears Take Control | Airdrop Alert Pro

Dogecoin (DOGE) price hit its highest level since 2021 on November 23, but has since entered a correction, falling 12% in the past 24 hours. The Ichimoku Cloud, DMI and EMA indicators all point to growing bearish momentum, with DOGE trading below key levels and showing signs of waning upward pressure.

If the downtrend continues, DOGE could test support at $0.34 and could drop to $0.14 if selling pressure intensifies. However, once it recovers, DOGE is likely to challenge the $0.43 and $0.48 resistance levels, with a possible target of $0.50, a key milestone that has not been reached since March 2021.

DOGE Ichimoku cloud shows sentiment is changing

Ichimoku Cloud Atlas dog Shows a bearish outlook. The price is trading below Tenkan-Sen (blue line) and Kijun-Sen (orange line), indicating downward momentum. The price also fell below the cloud lines (Senkou Span A and B), indicating that the bearish trend has consolidated.

The cloud itself is now thinning towards the right side of the chart, indicating weakening support, increasing the likelihood of further downward pressure.

if dog If it fails to reclaim the clouds and hold above the Kijun-Sen, the bearish momentum may accelerate, pushing the price lower. However, a flat bottom in the Kijun-Sen could act as a minor resistance, while a bounce above the clouds would signal a potential trend reversal.

Currently, Ichimoku Cloud recommends Dogecoin price We are at a critical stage and unless there is a strong recovery, the bears will continue to be in control.

Dogecoin’s downtrend could get stronger

Dogecoin The DMI chart shows ADX at 22.84, D+ at 13.5, and D- at 29.7, highlighting a potential shift in momentum. ADX (Average Directional Index) measures the strength of a trend, with values ​​above 25 indicating a significant trend regardless of direction.

Meanwhile, D+ represents bullish power and D- represents bearish power. In this case, D- above D+ confirms that bearish forces are currently dominating DOGE’s price action.

While ADX at 22.84 suggests that the downtrend is not yet firmly established, the widening gap between D- and D+ suggests that bearish momentum is building.

This setting indicates dog A downtrend may be entering, with selling pressure outweighing buying interest. If ADX continues to rise above 25 and D- remains dominant, a stronger bearish trend could be confirmed, causing the price to fall further.

DOGE Price Prediction: Can DOGE Reach $0.50 in November?

The Dogecoin EMA line indicates a shift in market sentiment from bullish to bearish, with the current price below the short-term EMA line.

Additionally, these short-term lines are trending downward, indicating increasing selling pressure and weakening upward momentum. This bearish development suggests dog price It is losing previous bullish support, potentially paving the way for further price declines.

If the downtrend strengthens, Dogecoin price may test the key support level at $0.34. Failure to hold this level could see the price drop to $0.14, marking a massive 61% correction.

However, if dog price If it manages to reverse the trend and regain bullish momentum, it could challenge the $0.43 and $0.48 resistance levels. A break above these levels could push DOGE towards $0.50, a price not seen since March 2021 and signaling a strong recovery.