Dogecoin Targets 8-9 Cent Support After Resistance Rejection

⬤Dogecoin is showing renewed downside pressure after getting rejected at a clearly defined descending trendline on the weekly chart. A series of lower highs has formed beneath this resistance, and price is now rolling over toward a key horizontal support zone around the 8-9 cent region - a blue demand zone that analysts have consistently flagged as structurally significant.

⬤The technical picture confirms a classic compression setup between long-term support and descending resistance. DOGE is still respecting a multi-year ascending trendline that has served as a structural base since 2023. This kind of squeeze - falling resistance pressing against rising support - mirrors conditions covered in Dogecoin triangle signals massive breakout potential, where long-term compression near support has historically preceded a major directional move.

⬤The $0.088-$0.092 range has repeatedly acted as a demand area across previous consolidation phases. As detailed in DOGE price holds near $0.09 support zone, buyers have historically stepped in around these levels - making any dip into this area a retest scenario rather than a bearish breakdown. The repeated rejection at resistance is also consistent with patterns outlined in DOGE rejected at critical monthly resistance levels, where trendline failures typically precede downside tests before the next trend leg begins.

⬤Dogecoin sits at an inflection point where short-term bearish pressure meets long-term structural support. How price reacts at the 8-9 cent zone will likely determine the next major move. A strong bounce from that area could reinforce the broader uptrend, while a confirmed break below it would signal a meaningful shift in market structure and sentiment.