Brutal DOGE Dump Follows Textbook Ichimoku Signal

Amid a period of bearishness and uncertainty that has engulfed the majority of assets in the cryptocurrency market, Dogecoin (DOGE)’s latest 4-hour chart has offered a rare moment of textbook technical precision.

Dogecoin Drops Cleanly From Ichimoku Cloud Resistance

Specifically, on November 10, Ichimoku analysis had highlighted a short trigger at the top of the Kumo cloud, and DOGE has now fallen exactly from that level, according to the analysis by renowned pseudonymous crypto trading expert Trader Tardigrade shared in an X post on November 17.

Notably, this means that traders who acted early captured the move, while late entrants were left reacting to momentum instead of anticipating it. 

The rejection aligns with classic Ichimoku logic: cloud tops act as dynamic resistance, especially when paired with momentum loss, wick rejections, and failure to close above key cloud structure.

DOGE Retests Critical Weekly Support Trendline – Third Touch

At the same time, the analyst has observed that DOGE was testing a major long-term support trendline that has now touched for the third time, a structural point often viewed in technical analysis as a potential springboard for reversal phases.

The setup is drawing comparisons to the asset’s prior 2023-2024 slow-accumulation phase, which eventually transitioned into a steady upward cycle. The broader context places Dogecoin within a projected 2021-2026 cycle arc, where macro consolidation preceded expansion and not sudden blow-off tops.

What Comes Next for Dogecoin?

At the moment, Elon Musk’s favorite meme coin is changing hands at the price of $0.1625, which represents a decline of 0.07% in the last 24 hours, an 11.43% drop across the previous seven days, and an accumulated loss of 13.11% on its monthly chart, according to the most recent information.

All things considered, with DOGE currently trading below cloud structure and showing no confirmed bullish breakout, traders will focus on two key signals: reclaim above Kumo and bullish Tenkan/Kijun crossover with cloud support. Until then, Ichimoku suggests caution over hype and precise entries over emotional chasing.

Meanwhile, the current weekly structure nearly replicates the earlier three-tap support zone that preceded DOGE’s most recent rally phase, and key levels now include holding trendline support, maintaining higher-low structure, and watching for trend confirmation, not speculation. Dogecoin remains at a moment of quiet tension where large moves historically begin.

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