{"id":48831,"date":"2025-09-22T13:47:08","date_gmt":"2025-09-22T13:47:08","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=48831"},"modified":"2025-09-22T13:47:08","modified_gmt":"2025-09-22T13:47:08","slug":"dogecoin-breakdown-looms-double-top-pattern-flashes-red-alert","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=48831","title":{"rendered":"Dogecoin Breakdown Looms? Double-Top Pattern Flashes Red Alert"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li>DOGE confirmed a double top at $0.27, with bearish target matching the current $0.238 price zone.<\/li>\n<li>Trendline retest around $0.24\u2013$0.25 holds, keeping breakout structure intact with resistance near $0.30.<\/li>\n<li>MVRV ratio rising but below peaks, suggesting DOGE remains mid-cycle with a target of $1.20.<\/li>\n<\/ul>\n<h2>Double Top Formation Raises Bearish Concerns<\/h2>\n<p>Dogecoin (DOGE) is trading at $0.24 after dropping 11% in the past 24 hours and 10% over the week. The decline follows a pattern flagged by analyst Merlijn The Trader, who said,<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$DOGE<\/a> IS FLASHING A TEXTBOOK DOUBLE TOP.<\/p>\n<p>Bearish retest locked. Target sits at $0.238.<\/p>\n<p>Don\u2019t confuse noise with signal.<\/p>\n<p>The chart is already telling the truth. <a href=\"https:\/\/t.co\/GJ32G2kniw\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/GJ32G2kniw<\/a><\/p>\n<p>\u2014 Merlijn The Trader (@MerlijnTrader) <a href=\"https:\/\/twitter.com\/MerlijnTrader\/status\/1969823944053072067?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">September 21, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Notably, the setup formed as DOGE failed twice to break higher, before sliding under the neckline near $0.27. A brief bounce back to that level was rejected, confirming the breakdown. Based on the measured move, the projected downside sits at $0.238, now reached by the price.<\/p>\n<p>Resistance remains at $0.27, while a close above $0.28 would challenge the bearish case. As long as the price stays under the neckline, the chart points to weakness.<\/p>\n<h2>Trendline Retest Offers Counterpoint<\/h2>\n<p>Analyst Trader Tardigrade <a href=\"https:\/\/x.com\/TATrader_Alan\/status\/1970034600761348406\" data-wpel-link=\"external\" target=\"_blank\">pointed<\/a> to a completed retest of a descending trendline that capped the price for months. The breakout above the line was followed by a pullback to $0.24\u2013$0.25, where support held.<\/p>\n<p>Meanwhile, this level is now seen as a base. If DOGE remains above it, momentum could build toward $0.30. A move through that resistance would leave room for targets between $0.32 and $0.35, levels tested earlier in the year.<\/p>\n<figure id=\"attachment_413413\" aria-describedby=\"caption-attachment-413413\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/G1b4ByJasAAoDz4.jpeg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-413413\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/G1b4ByJasAAoDz4.jpeg\" alt=\"DOGE price chart\" width=\"1200\" height=\"1061\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/G1b4ByJasAAoDz4.jpeg 1200w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/G1b4ByJasAAoDz4-300x265.jpeg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/G1b4ByJasAAoDz4-1024x905.jpeg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/G1b4ByJasAAoDz4-768x679.jpeg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/G1b4ByJasAAoDz4-50x44.jpeg 50w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\"><\/a><figcaption id=\"caption-attachment-413413\" class=\"wp-caption-text\">Source: Trader Tardigrade\/X<\/figcaption><\/figure>\n<p>In addition, Trader Tardigrade also shared an Ichimoku update. They <a href=\"https:\/\/x.com\/TATrader_Alan\/status\/1969997587685245396\" data-wpel-link=\"external\" target=\"_blank\">noted<\/a>,<\/p>\n<blockquote>\n<p>\u201cNo bearish Ichimoku signals; status remains bullish.\u201d<\/p>\n<\/blockquote>\n<p>DOGE trades above both the Kumo cloud and the Kijun-sen line, with support at $0.24770 and deeper support between $0.21517 and $0.22214.<\/p>\n<p>All major indicators maintain an upward bias. The cloud is green, price action holds above the Kijun-sen, and the Chikou span is above the price. These keep the short-, mid-, and long-term trends aligned and heading in a bullish direction.<\/p>\n<h2>MVRV Suggests Room for Growth<\/h2>\n<p>On-chain data adds another angle. The Market Value to Realized Value (MVRV) ratio is climbing but remains far from the overheated levels of past peaks. Analyst Cryptollica said,<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">ITS NOT OVER <a href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$DOGE<\/a><\/p>\n<p>MVRV Ratio<\/p>\n<p>Target 1: 1.20$ <a href=\"https:\/\/t.co\/a3NIGbKrIp\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/a3NIGbKrIp<\/a><\/p>\n<p>\u2014 Cryptollica<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/26a1.png\" alt=\"\u26a1\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> (@Cryptollica) <a href=\"https:\/\/twitter.com\/Cryptollica\/status\/1969817150073274663?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">September 21, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>DOGE has been moving between $0.20 and $0.25 since 2023, building a steady base. With MVRV still below historic extremes, the data suggests the asset may still be in a mid-phase of its cycle.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/dogecoin-breakdown-looms-double-top-pattern-flashes-red-alert\/\">Dogecoin Breakdown Looms? Double-Top Pattern Flashes Red Alert<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR DOGE confirmed a double top at $0.27, with bearish target matching the current $0.238 price zone. Trendline retest around $0.24\u2013$0.25 holds, keeping breakout structure intact with resistance near $0.30. MVRV ratio rising but below peaks, suggesting DOGE remains mid-cycle with a target of $1.20. Double Top Formation Raises Bearish Concerns Dogecoin (DOGE) is trading [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-48831","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/48831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48831"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/48831\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}