Dogecoin’s Fate Hinges On This Price Level, Analysts Agree

Dogecoin is probing its most-contested worth shelf of 2025, and two revered technicians— Cantonese Cat (@cantonmeow) and ANBESSA (@Anbessa100)—have reached the uncommon level the place their short-term and high-time-frame highway maps overlap virtually completely.

Dogecoin Simply Hit Its Make-Or-Break Zone

Cantonese Cat’s day by day chart, published late on June 2, highlights a turquoise demand band stretching from $0.1850 to $0.1950. That ribbon has flipped roles repeatedly since February: first cushioning the worth motion in late-February, after which capping March and April’s rebounds.

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After final week’s four-day decline, three successive our bodies have closed contained in the rectangle whereas intraday wicks penetrated its flooring—forming what the analyst dubbed a “trident backside”.

As Cantonese Cat put it: “It’s not a tweezer backside; it’s a trident backside to check demand. Now let’s see if $DOGE forks all of it up from right here.” A day by day shut above the higher edge would re-expose the early-Could breakdown hole at $0.1950–0.2150; a decisive slip beneath $0.1850 would deliver the April low close to $0.13 again into rivalry.

Parabolic Curve Continues To Predict All-Time Excessive

ANBESSA’s one-day schema—additionally dated June 2—places the identical worth motion in a fifteen-month context. The chart begins with the September 2024 spot entry at roughly $0.09 and follows an explosive rally that carried Dogecoin 413% increased, a transfer annotated as 0.3892 on the graph.

What adopted was a three-wave retracement that unwound 73% of that advance, then a counter-trend rally of 70.22% to $0.2597. From ANBESSA’s perspective, the present sell-off is a textbook correction to the 0.382 Fibonacci retracement of the complete transfer at $0.1412, intersecting each the rising parabolic guide-curve and the 99-day transferring common (purple).

“Nonetheless completely in sync with my projection… a clear 80 % bounce, adopted by a textbook throwback to the 0.5 fib and 99 MA Day by day (parabola retest), precisely as projected. In a bull market, dips are made for purchasing,” the analyst wrote, including the reminder to maintain “HTF risk-management beneath POC.”

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Quantity-profile bars on the proper facet of ANBESSA’s chart emphasise why each merchants care a lot concerning the twenty-cent neighbourhood: the purpose of management (POC) sits simply above $0.20, framing the one deepest pocket of historic buying and selling curiosity since 2024.

Above that pivot, the following Fibonacci magnet is the 0.618 degree at $0.2686, instantly adopted by an ascending trendline close to $0.28. Notably, this area is dense with resistance as one other descending trend-line drawn from the December-January highs sits round $0.29-$0.30.

A profitable break of this zone would mission to the heavy‐quantity shelf at $0.3498 and, additional out, the 0.786 retracement at $0.4245. Conversely, failure on the present confluence would expose the 0.382 retracement at $0.1412, with an intermediate management zone flagged on ANBESSA’s chart at $0.1625.

Momentum is impartial for now: the Triple-MA ribbon (7-, 21-, 99-day) on ANBESSA’s chart has compressed, and day by day RSI (not proven) hovers within the mid-40s. In different phrases, worth alone will settle the controversy.

Cantonese Cat’s microstructure “trident” and ANBESSA’s macro-structure “throw-back” each place the battleground inside the identical cent band. Whether or not Dogecoin has in truth printed its correction low might be revealed by what merchants do— and simply as crucially, the place the following day by day candle closes—in that $0.1850–$0.1950 hall.

At press time, DOGE traded at $0.196.

Featured picture crated with DALL.E, chart from TradingView.com