DOGE on the Brink of a Major Change: The Key Multi-Year Trendline Holds the Answer

Current Price and Market Conditions: Dogecoin is currently trading around $0.163–$0.164, testing a crucial multi-year uptrend that has historically supported major rallies since 2022, despite recent downward pressure in the market.

Technical Indicators: The MACD shows weak momentum, while the RSI indicates neutral conditions. Trading volume has significantly decreased, suggesting market participants are hesitant, with key support at $0.159–$0.160.

Critical Support and Resistance Levels: Major support is identified at $0.159–$0.160, with immediate resistance at $0.175. Maintaining above $0.160 is essential for Dogecoin to preserve its long-term bullish structure.

Outlook and Potential Scenarios: If Dogecoin holds the $0.160 trendline through December, it may set the stage for a macro rally; however, a drop below this level could lead to a deeper correction, potentially retesting lower support levels.