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Dogecoin holds long-term trendline but needs strong breakout to avoid another drop

Technical Signals
15 May 2026
Coinpaper
View Source
Bearish
pluang ai news

Dogecoin (DOGE) is currently holding near a long-term rising trendline, which has historically supported major upward moves. However, the daily chart shows a weak recovery with DOGE facing resistance around $0.118 and lacking a clear bullish momentum. A strong breakout above key resistance levels near $0.133 and $0.156 is needed to confirm a trend reversal. If DOGE fails to hold support near $0.105 and $0.089, it risks another decline toward $0.058 to $0.047, keeping the bearish scenario active.

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