Dogecoin (DOGE) Almost Breaks Rp3,100-Bulls Have One Last Chance!

Jakarta, Pintu News – Going into June 2025, Dogecoin (DOGE) is on the verge of an important technical decision. Currently trading at around $0.19211 or Rp3,130 (exchange rate $1 = Rp16,300), the token is testing a support zone that analysts call the “last lifeline” for a potential price revival. If it fails to hold at this level, Dogecoin could fall much deeper. But if it manages to hold on, the opportunity for an upward rally is again open.

Critical Support in the $0.184-$0.190 Zone

Technical analysts Kevin (@Kev_Capital_TA) and Cantonese Cat (@cantonmeow) agree that the $0.1901-$0.1839 (Rp3,098-Rp3,000) zone is an important fulcrum for DOGE. This region coincides with the 50% retracement of the May 11 big rally (from the $0.2597 peak) and is capped by the 61.8% retracement resistance around $0.1976-$0.2005 (Rp3,220-Rp3,267).

The big red candle at the end of May broke the Ichimoku conversion line and stopped right at the 50% Fibonacci level. If the DOGE price closes daily below this zone, it will most likely head towards $0.1694 (€2,762), even risking touching the long-term support around $0.14 (€2,282).

However, if the price is able to hold above $0.190 and break back above $0.20, Dogecoin could prepare to try to reach the 70.3% Fibonacci extension at $0.2117 (Rp3,450).

Also Read: Pi Network (PI) Token is Ready to Flood! What Happens If the Price Falls Below IDR6,500?

Inverse Head and Shoulders Pattern: Last Hope?

According to Cantonese Cat, Dogecoin’s daily chart shows an inverse head and shoulders pattern formed since mid-March. The neck of this pattern is in the $0.187-$0.194 (Rp3,049-Rp3,172) area and was broken on May 9 before the price retested the zone (throwback).

If this neckline holds, the pattern will remain valid and pave the way for a strong trend reversal. However, if the DOGE drops below this area, the technical formation will be invalidated, and the momentum will return to the hands of the bears (sellers).

The monthly chart also shows that DOGE has been consolidating in a $0.16-$0.42 range for the past seven months. Consolidations of this length rarely end quietly-statistics show that breakouts usually match the range of the parent candle, which is around $0.26 (IDR4,238).

Conclusion

Dogecoin is standing on the most vital technical support in recent months. Only a narrow zone between $0.184 and $0.190 separates DOGE from a deeper correction or a massive price revival. Analysts agree: in the next few days, Dogecoin’s short-term fate will be decided. Investors and traders are advised to closely monitor this area to determine their next move.

Also Read: XRP is in Freefall! Is This a Sign of a Big Storm in the Crypto World?

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• NewsBTC. Dogecoin Just Hit Its Final Support – Bulls Have One Last Shot. Accessed June 3, 2025.
• Featured Image: Generated by AI