Dogecoin Bottom Not In? Analyst Warns DOGE’s Macro Downtrend Won’t Be Over Soon

Dogecoin analysts are divided on whether the memecoin has reached its bottom, with one warning that DOGE's macro downtrend that began after losing key support in November may continue to lower levels. However, other analysts suggest DOGE may be at a historical support level that has previously preceded major rallies, indicating a potential accumulation opportunity.

• →Dogecoin lost its multi-year macro uptrend in November 2024 after closing below ascending support that held since early 2023.
• →Analyst Rekt Capital warns DOGE is unlikely to retest its macro downtrend line anytime soon and may lose current support levels.
• →DOGE is currently retesting the $0.090 area, which represents a key multi-year support zone.
• →Contrarian analyst Trader Tardigrade believes DOGE may have bottomed at a decade-long trendline that previously preceded major rallies.
• →The current price action resembles past patterns that led to significant price expansions to new all-time highs.