Why Dogecoin’s Price Is Stuck: The Resistance That Just Won’t Budge 😤

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The price of Dogecoin has, for the past several days, been caught in a melancholy descent, drifting from the lofty mid-$0.18 range into an unyielding decline that has kept it tethered to the earth. One can almost hear the anguished sighs of the coin as it gazes longingly at its former glory. The chart-oh, the chart!-tells a story of one valiant attempt to reach $0.18311, only to be swiftly humbled by the sellers, pushing the price into an abyss of downward spirals. Each time there was a spark of hope, like a flutter of wings, it was dashed by the cruel winds of correction.

According to BitGuru, a master of the technical arts, the question remains: What does Dogecoin need to break through in order to soar again? A simple answer, of course, but one that may prove elusive…

The Unrelenting Downtrend and Dogecoin’s Repeated Demise

Since that fateful peak of $0.183 on November 10, Dogecoin has seemingly entered a tragic tale of decline. The noble price slipped into a descending channel, marked by lower highs on November 11 and 12, like a tragic hero whose every attempt to rise higher was thwarted by a predictable force of gravity. How familiar this tale is! Every time the price tried to ascend, it stalled at the same point, only to plummet once more, like a puppet caught in a cruel and repetitive cycle. The chart reveals all-just look at the days of November 13 and 14, where a meek recovery to $0.16598 was swiftly overwhelmed by the selling crowd.

Since that time, the price has been gripped by the ever-tightening clutch of a downtrend. The relentless selling pressure shows no sign of relenting. Rebounds, once hopeful, are always shackled by the same resistance level near $0.166, an invisible hand that holds Dogecoin below its potential. For most of the week, the momentum has drifted downward, as though Dogecoin itself has succumbed to the inevitability of its fate.

Now, after dipping into the ominous $0.153 region, Dogecoin has made another timid attempt to recover. But alas! As BitGuru points out, this faint pulse is hardly enough to spark a true reversal. Only a decisive break above the nearby resistance zone will reveal whether the great dog of cryptocurrency can rise again.

In these recent days, Dogecoin has clung to its short-term support, but alas, the strength to break free from its sideways fate has not yet arrived. Until it shatters the compression zone formed between November 15 and 16, we may see it continue to dance in the realm of stagnation.

The Imposing Resistance Zone That Dogecoin Must Conquer

The crux of the matter, according to BitGuru, lies in the resistance zone that has so ruthlessly rejected Dogecoin at every turn. The chart-once more, it does not lie-shows this resistance stretching from $0.163 to $0.167, where the last two consolidation phases met their tragic end. Every time Dogecoin dared to approach this sacred ground, selling pressure arose like a dark cloud, and once again, it was forced to retreat.

The chart paints the picture clearly: the boxed region leading into the November 16 collapse, where Dogecoin lingered below $0.16598 for hours, only to once more be pushed downward. This zone, this impenetrable wall, stands as the ultimate barrier preventing Dogecoin from reaching for the stars.

BitGuru, ever the oracle, advises that the market will require a clean breakout above this cursed range before any true recovery can be affirmed. Without such a breakout, Dogecoin will remain at the mercy of the forces that seek to drag it further into the abyss. As of this writing, Dogecoin languishes at a mere $0.1566, still far from this formidable resistance block.

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2025-11-20 20:18