Dogecoin Dips Under Key Support – Yet a Breakout Pattern Is Forming

Dogecoin has come under pressure, falling more than 6% in the past 24 hours and over 14% in the last ￰0￱ of press time, it is trading near $0.174. The drop is part of a broader market ￰1￱ Setup Shows Familiar Pattern Trader Tardigrade, a crypto chart analyst, has pointed out a recurring formation on Dogecoin’s daily ￰2￱ pattern is known as a descending contracting ￰3￱ is taking shape with three clear touches on the lower support line and two touches on the upper resistance ￰4￱ same setup appeared on the chart in August and led to a sharp move upward after the breakout.) November 3, 2025 Indicators Reflect Weak Momentum The Relative Strength Index (RSI) on the daily chart is now at ￰5￱ not yet oversold, it is approaching levels that may cause short-term price stabilization or a bounce.

Meanwhile, Bollinger Bands show the price moving below the lower band, suggesting increased downside volatility or selling ￰6￱ 20-day moving average currently stands at $0.19185, which Dogecoin is trading well below.