Dogecoin has been bleeding lower in recent days, grinding back toward the mid-$0.13 band. Sellers have been in control of most candles in the past 24 hours, and each attempt at a rebound has faded quickly, leaving Dogecoin stuck near the bottom of a range. One crypto analyst on X has focused attention on an important technical level on the 2-day chart. Even though price action looks weak, Dogecoin is now sitting right on a long-term support zone inside a descending triangle pattern, and this area could become the launchpad for a strong upside move if buyers react from here. The chart shared with the analysis highlights exactly where Dogecoin is resting and why this region matters. Dogecoin Sitting On Major Descending Triangle Technical analysis of Dogecoin’s price action on the 2-day candlestick timeframe chart shows the meme coin has been trading in a clear descending triangle since December 2024. A downward-sloping trendline has capped every rally this year, leading to the creation of a series of lower highs that reflect persistent selling pressure throughout the year. At the same time, a horizontal support zone underneath in the mid-$0.135 to $0.14 region has caught multiple drops and prevented a deeper breakdown. Related Reading: Top Dogecoin Wallets Begin Rapid Accumulation As Price Struggles, Is A Surge Coming? Right now, Dogecoin is pressing that lower border again. The candles on the 2-day chart cluster just above the dashed support band, and the analyst, who goes by Butterfly on X, circled this cluster in green to show how closely the price is hugging the level.  Each prior visit to this zone has produced at least a temporary bounce, which is why the current test is notable. The price action is tightening, and there is less room left for sideways movement before a decisive break happens. Dogecoin Is “Ready To Fly” In the post on X, the analyst notes that this support has been “respected multiple times” and that bulls are “getting ready to step in.” The most important thing is for the lower support to hold again, and the descending triangle may flip from a slow grind lower into a springboard for a strong reaction. Related Reading: Dogecoin Price Can Stage A 96% Rally If It Breaks This Falling Wedge Pattern A firm defense of this zone would mean that sellers are running out of momentum at these prices. From there, even a modest wave of buying could drive Dogecoin back toward the descending resistance line that cuts across the chart from the $0.25 to $0.26 area. A break and close above that trendline would mark the first clean higher high in months and would confirm that the triangle has resolved to the upside. The analyst’s green arrow on the chart sketches out this potential path. The path shows Dogecoin lifting from the current support band, breaking above resistance, and reaching as high as $0.4 in one swift move. Featured image from Pngtree, chart from Tradingview.comDogecoin has been bleeding lower in recent days, grinding back toward the mid-$0.13 band. Sellers have been in control of most candles in the past 24 hours, and each attempt at a rebound has faded quickly, leaving Dogecoin stuck near the bottom of a range. One crypto analyst on X has focused attention on an important technical level on the 2-day chart. Even though price action looks weak, Dogecoin is now sitting right on a long-term support zone inside a descending triangle pattern, and this area could become the launchpad for a strong upside move if buyers react from here. The chart shared with the analysis highlights exactly where Dogecoin is resting and why this region matters. Dogecoin Sitting On Major Descending Triangle Technical analysis of Dogecoin’s price action on the 2-day candlestick timeframe chart shows the meme coin has been trading in a clear descending triangle since December 2024. A downward-sloping trendline has capped every rally this year, leading to the creation of a series of lower highs that reflect persistent selling pressure throughout the year. At the same time, a horizontal support zone underneath in the mid-$0.135 to $0.14 region has caught multiple drops and prevented a deeper breakdown. Related Reading: Top Dogecoin Wallets Begin Rapid Accumulation As Price Struggles, Is A Surge Coming? Right now, Dogecoin is pressing that lower border again. The candles on the 2-day chart cluster just above the dashed support band, and the analyst, who goes by Butterfly on X, circled this cluster in green to show how closely the price is hugging the level.  Each prior visit to this zone has produced at least a temporary bounce, which is why the current test is notable. The price action is tightening, and there is less room left for sideways movement before a decisive break happens. Dogecoin Is “Ready To Fly” In the post on X, the analyst notes that this support has been “respected multiple times” and that bulls are “getting ready to step in.” The most important thing is for the lower support to hold again, and the descending triangle may flip from a slow grind lower into a springboard for a strong reaction. Related Reading: Dogecoin Price Can Stage A 96% Rally If It Breaks This Falling Wedge Pattern A firm defense of this zone would mean that sellers are running out of momentum at these prices. From there, even a modest wave of buying could drive Dogecoin back toward the descending resistance line that cuts across the chart from the $0.25 to $0.26 area. A break and close above that trendline would mark the first clean higher high in months and would confirm that the triangle has resolved to the upside. The analyst’s green arrow on the chart sketches out this potential path. The path shows Dogecoin lifting from the current support band, breaking above resistance, and reaching as high as $0.4 in one swift move. Featured image from Pngtree, chart from Tradingview.com

Analyst Says Dogecoin Price Is Ready To Fly, Here’s Why

2025/12/07 03:00

Dogecoin has been bleeding lower in recent days, grinding back toward the mid-$0.13 band. Sellers have been in control of most candles in the past 24 hours, and each attempt at a rebound has faded quickly, leaving Dogecoin stuck near the bottom of a range.

One crypto analyst on X has focused attention on an important technical level on the 2-day chart. Even though price action looks weak, Dogecoin is now sitting right on a long-term support zone inside a descending triangle pattern, and this area could become the launchpad for a strong upside move if buyers react from here. The chart shared with the analysis highlights exactly where Dogecoin is resting and why this region matters.

Dogecoin Sitting On Major Descending Triangle

Technical analysis of Dogecoin’s price action on the 2-day candlestick timeframe chart shows the meme coin has been trading in a clear descending triangle since December 2024. A downward-sloping trendline has capped every rally this year, leading to the creation of a series of lower highs that reflect persistent selling pressure throughout the year. At the same time, a horizontal support zone underneath in the mid-$0.135 to $0.14 region has caught multiple drops and prevented a deeper breakdown.

Right now, Dogecoin is pressing that lower border again. The candles on the 2-day chart cluster just above the dashed support band, and the analyst, who goes by Butterfly on X, circled this cluster in green to show how closely the price is hugging the level. 

Dogecoin

Each prior visit to this zone has produced at least a temporary bounce, which is why the current test is notable. The price action is tightening, and there is less room left for sideways movement before a decisive break happens.

Dogecoin Is “Ready To Fly”

In the post on X, the analyst notes that this support has been “respected multiple times” and that bulls are “getting ready to step in.” The most important thing is for the lower support to hold again, and the descending triangle may flip from a slow grind lower into a springboard for a strong reaction.

A firm defense of this zone would mean that sellers are running out of momentum at these prices. From there, even a modest wave of buying could drive Dogecoin back toward the descending resistance line that cuts across the chart from the $0.25 to $0.26 area. A break and close above that trendline would mark the first clean higher high in months and would confirm that the triangle has resolved to the upside.

The analyst’s green arrow on the chart sketches out this potential path. The path shows Dogecoin lifting from the current support band, breaking above resistance, and reaching as high as $0.4 in one swift move.

Dogecoin
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Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps

Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps

The post Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps appeared on BitcoinEthereumNews.com. The Federal Reserve has made its first Fed rate cut this year following today’s FOMC meeting, lowering interest rates by 25 basis points (bps). This comes in line with expectations, while the crypto market awaits Fed Chair Jerome Powell’s speech for guidance on the committee’s stance moving forward. FOMC Makes First Fed Rate Cut This Year With 25 Bps Cut In a press release, the committee announced that it has decided to lower the target range for the federal funds rate by 25 bps from between 4.25% and 4.5% to 4% and 4.25%. This comes in line with expectations as market participants were pricing in a 25 bps cut, as against a 50 bps cut. This marks the first Fed rate cut this year, with the last cut before this coming last year in December. Notably, the Fed also made the first cut last year in September, although it was a 50 bps cut back then. All Fed officials voted in favor of a 25 bps cut except Stephen Miran, who dissented in favor of a 50 bps cut. This rate cut decision comes amid concerns that the labor market may be softening, with recent U.S. jobs data pointing to a weak labor market. The committee noted in the release that job gains have slowed, and that the unemployment rate has edged up but remains low. They added that inflation has moved up and remains somewhat elevated. Fed Chair Jerome Powell had also already signaled at the Jackson Hole Conference that they were likely to lower interest rates with the downside risk in the labor market rising. The committee reiterated this in the release that downside risks to employment have risen. Before the Fed rate cut decision, experts weighed in on whether the FOMC should make a 25 bps cut or…
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BitcoinEthereumNews2025/09/18 04:36