Bearish Dogecoin Outlook: Recoveries as Short Entries
Dogecoin price has lost key support levels at $0.262 and $0.250, signaling bearish momentum. The token traded below a crucial trend line near $0.228 and closed under the 76.4% Fib retracement of its recent high. Immediate downside targets include $0.220 and the $0.205 swing low. Failure to hold $0.205 could accelerate declines toward $0.20, with further downside at $0.181 and $0.162. Longer-term bears may eye $0.142 based on Fib extensions. On the upside, any recovery faces resistance at $0.232 trend line, $0.240 SMA, and $0.250 psychological level. A sustained break above $0.250 is needed to shift momentum and test $0.280 and $0.300 ceilings. Overall, Dogecoin remains under bearish pressure, and each recovery could offer optimal short entry points for traders.
Bearish
Dogecoin has broken multiple support levels and key trendlines, showing a renewed bearish bias. Historically, when Dogecoin lost its 76.4% Fib retracement area, it accelerated downward, as seen in June 2025. The failure to hold $0.205 will likely trigger stop-loss cascades, pushing towards $0.18 and $0.14 extensions. Short-term traders may capitalize on each corrective bounce near resistance levels at $0.232 and $0.240 to enter positions. In past cycles, such retracements often preceded further declines, as sellers regained control after false recoveries. In the long term, sustained shorts could maintain pressure unless buyers convincingly break above $0.250. Therefore, the market reaction points to a bearish outlook, with recovery rallies offering more reliable shorting opportunities than long positions.