TL;DR
- DOGE did a double top at $0.27-because who needs confidence, right? Now itās slithering toward $0.238 like a snake in a crypto shoe.
- The $0.24-$0.25 range is the new “This is fine” meme. Burn it all, just donāt touch $0.30.
- MVRV is still below its “Iām a midlife crisis” peak. DOGEās partyās not overā¦ unless itās a surprise funeral.
Dogecoin (DOGE) is currently trading at $0.24, having plummeted 11% in 24 hours. Analyst Merlijn The Trader, who clearly never saw a bear they didnāt want to hug, warned:
“$DOGE IS FLASHING A TEXTBOOK DOUBLE TOP.”
Bearish retest locked. Target: $0.238. Because why aim for $1 when you can settle for cents?
“Donāt confuse noise with signal.”
“The chart is already telling the truth.”
– Merlijn The Trader (@MerlijnTrader) September 21, 2025
DOGE tried to break above $0.27 twice, failed both times, and now itās sliding under the neckline like a toddler at a buffet. The bounce back to $0.27? Rejected. The breakdown? Confirmed. The projected downside? $0.238-now reached, because hope is a dangerous game.
Resistance is at $0.27, and if it breaks $0.28, the bearish case gets a standing ovation. As long as DOGE stays under the neckline, itās basically a crypto version of a deflated balloon.
Trader Tardigrade, who probably never gets cold, pointed out a trendline retest:
“No bearish Ichimoku signals; status remains bullish.”
DOGE is above the Kumo cloud and Kijun-sen line, which sounds fancy until you realize itās just a glorified “donāt look down” sign. Support is at $0.24770, but letās be real-this coinās support is whatever your therapist charges.
All indicators are “upward biased,” which is crypto code for “weāre all gonna die.” The Chikou span is above price, and the cloud is green. Short-, mid-, and long-term trends: aligned. Toward the abyss.
Cryptollica, the oracle of on-chain data, chimed in:
“ITS NOT OVER $DOGE.”
“MVRV Ratio.”
“Target 1: 1.20$.”
– Cryptollica (@Cryptollica) September 21, 2025
DOGE has been bouncing between $0.20 and $0.25 since 2023, building a base like a real estate agent in a recession. MVRV is still below historic extremes, so maybe this coin isnāt done throwing its mid-cycle tantrum. Target: $1.20. Letās see if it can afford the confetti.
If you thought the last dip was a rollercoaster, buckle up-this is a loop-de-loop with a side of existential dread. ššø
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2025-09-22 17:40