Dogecoin Price Prediction. Sellers Flip EMAs Into Resistance As Breakdown Targets $0.13

Dogecoin (DOGE) is currently trading near $0.165, experiencing a decisive breakdown from a multi-week triangle pattern. This move adds short-term pressure on buyers, as spot outflows increase and the Exponential Moving Averages (EMAs) cluster turns into resistance. Sellers are dominating the market, creating challenging conditions for DOGE holders.

According to Coinglass, Dogecoin registered nearly $46 million in spot outflows yesterday, marking one of the largest single-session outflows in recent weeks. As of early Wednesday, an additional $936,000 in net outflows has been recorded, showcasing that sellers are offloading DOGE onto exchanges rather than holding it.

Spot outflows dominating across multiple sessions often indicate a trend of distribution, where market participants shift away from accumulation. This behavior reflects bearish sentiment, with ecosystem liquidity decreasing as a result.

DOGE struggled to break through the descending trendline that has limited rallies since September. The failure triggered a drop below the symmetrical triangle support, which had remained intact for nearly three weeks. Key points on the chart:

• DOGE is trading below the 20, 50, 100, and 200-day EMAs
• The EMA cluster forms a resistance ceiling with downward-stacked EMAs
• Parabolic SAR dots flipped above the price, further confirming a bearish trend

The 20-day EMA near $0.189 has become the initial resistance level. Beyond this, the 50-day EMA at $0.207 and the 200-day EMA at $0.221 represent larger reversal barriers. For buyers, reclaiming this EMA cluster is essential to shift momentum back to neutral; any rally below these levels is regarded as a relief bounce inside a bearish structure.

On shorter timeframes, DOGE shows attempts to defend the $0.160-$0.157 zone. Observations from the 30-minute chart include the following:

• The Supertrend indicator remains red, indicating persistent downside pressure
• The RSI has recovered above 50, reflecting stabilization after entering oversold territory
• Prices are testing the underside of the Supertrend band, indicating a fragile recovery effort

For bullish confirmation, DOGE must close above $0.171, the Supertrend flip zone. A rejection at this level could lead to another decline, potentially toward $0.150.

DOGE's next move hinges on its response at the $0.157-$0.150 demand shelf, a historically significant support zone.

• Bullish case: A rebound from $0.157, followed by a close above $0.189 with rising volume. This would flip the Supertrend, signaling the first indication of a trend reversal. Breaking $0.207 could pave the way for a move to $0.240 and, eventually, toward the upper trendline near $0.260.
• Bearish case: A daily close below $0.150 confirms a clean breakdown, exposing the next support level at $0.140. Losing $0.150 could turn into a deeper correction with targets around $0.130-$0.110.

Disclaimer: The information in this article is for informational and educational purposes only. This does not constitute financial or investment advice. Readers should exercise caution and perform their own analysis before making any decisions. Coin Edition is not responsible for any financial losses resulting from actions based on this content.