- Dogecoin fell 6.8 per cent this week, with a bearish cross of the Kijun-sen and a breakout of the cloud enhancing the negative momentum in the short term.
- The price currently trades at around $0.1393 with the immediate support at $0.1377 with a narrow 24-hour span.
- Resistance is still at $0.1451 and it forms a clear compression area with traders observing the reaction of the price on the support area.
The dogecoin has weakened on the 4-hour chart as two significant Ichimoku-type signals coincided and fueled a rapidly falling loss in a day. This was a result of a consolidation that was close to the year-end price of $0.1451; the funds began to tug strongly downwards. Dogecoin was trading around $0.1393 at the time of publication, with a decline of 6.8 percent per week, as the major volatility went up.
But the drop was cultivated when the price dropped under the Kijun-sen and short cut the cloud, which strengthened the short-term bearish shape. These environments brought increased movement to the session and were driving the market to the closest support at $0.1377.This environment set the tone for the next sessions as traders monitored whether pressure would extend through the lower band of the 24-hour range.
The first key development emerged when price crossed below the Kijun-sen on the 4-hour chart. The cross formed beneath the cloud, which strengthened the downside sequence and reduced short-term recovery attempts. Notably, the move also aligned with declining candle strength near $0.1451, which marked the day’s resistance. This break introduced immediate pressure and guided the market toward the lower boundary of its active range.
Bearish Cloud Breakout Confirms Short-Term Structure
Shortly after the Kijun-sen cross, Dogecoin moved below the cloud and reinforced the bearish setup. The cloud expansion widened above price, which reduced upward attempts and kept pressure intact. However, this move also aligned with rising sell-side activity, which pushed candles lower into the $0.139 region.
With the cloud now positioned above spot price, short-term sentiment leaned toward continued compression while traders observed reaction levels near $0.1377. This structure highlighted the importance of the current range as volatility remained elevated.
Support Retest Shapes Near-Term Focus
Dogecoin hovered close to its noted support at $0.1377, which formed the key reference for traders assessing continuation potential. The market held a narrow 24-hour band, creating a controlled environment for evaluating price stability. However, the recent weekly decline of 6.8% positioned the support as a critical gauge for near-term direction. This layout connected the ongoing technical sequence with upcoming sessions as participants monitored whether pressure would persist or ease within the range.
