Dogecoin Price Analysis: DOGE Trendline Breakout Point at Early Reversal

TLDR

• DOGE breaks 4H descending trendline, signaling a potential shift from bearish control.
• Bullish MACD crossover confirms improving momentum after a prolonged downtrend.
• The $0.10 demand zone continues to anchor structure and limit downside risk.
• Binance top traders are increasing long exposure, aligning with early recovery signals.

Dogecoin (DOGE) price has shown early signs of structural recovery after breaking a persistent descending trendline on lower timeframes. Technical charts highlight improving momentum near the $0.10 demand zone, while derivatives data point to rising trader confidence. Together, these signals frame a market attempting to transition from prolonged weakness into stabilization, with higher resistance targets now in focus.

Dogecoin Price Breaks 4H Downtrend With Momentum Shift

According to analyst Trader Tardigrade, Dogecoin price confirmed a decisive breakout above a descending trendline on the 4-hour chart. This trendline had capped price action through a sequence of lower highs, reinforcing bearish control. The subsequent pullback to retest the former resistance as support reflects classic break-and-retest behavior.

SOURCE: X

From a momentum standpoint, the MACD indicator strengthens the technical signal. A bullish crossover following an extended bearish phase suggests downside momentum has reset. In addition, histogram bars shifting point to improving bullish pressure rather than a temporary bounce.

Crucially, the retest phase remains the key validation zone. As long as DOGE price holds above the reclaimed trendline, the structure favors continuation toward higher resistance zones. A failure to hold would reintroduce consolidation risk and weaken the reversal narrative.

Demand Zone Near $0.10 Anchors Dogecoin Price Structure

Meanwhile, analyst Lucky focused on broader structure and demand behavior. The chart highlights the importance of the $0.10 psychological level, where Dogecoin previously stalled after an extended decline. The reaction from this zone suggests selling pressure weakened as longer-term participants stepped in.

SOURCE: X

Moreover, the breakout near demand carries added technical weight. Trendline breaks that occur at demand zones often signal behavioral shifts, not just short-term speculation. In this case, price action shows a transition from lower lows into stabilization, followed by an upside expansion attempt.

More so, projected targets on the chart align with prior resistance levels, reinforcing their technical relevance. As long as DOGE remains above trendline support and demand holds, the structure favors recovery rather than continuation of the broader downtrend. This framework supports a measured move rather than aggressive upside assumptions.

Top Traders Increase Long Exposure as Dogecoin Price Stabilizes

Furthermore, analyst CW provided insight into derivatives positioning through Binance’s top traders’ long and short ratios. Data shows a clear increase in long exposure, suggesting experienced traders are positioning ahead of potential upside. Such shifts often precede volatility expansion when aligned with technical breakouts.

SOURCE: X

Notably, both account-based and position-based metrics reflect rising long bias. This consistency reduces the likelihood that positioning is driven by a small number of oversized trades. Instead, it indicates broader conviction among top traders, which historically aligns with early directional moves.

However, elevated long exposure also introduces risk if price fails to follow through. A loss of reclaimed support could trigger rapid liquidations and renewed volatility. For now, positioning data supports the technical view that Dogecoin price is attempting stabilization rather than preparing for renewed downside.

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