Dogecoin Faces Extended Downtrend as 70km Price Shifts Signal Weakness

⬤ Dogecoin is stuck in a tough technical spot right now, with the chart telling a pretty clear story: rallies don’t last, but selloffs do. Price keeps making lower highs and breaking down repeatedly, which shows there’s just no real buying strength behind DOGE at the moment. Every time it tries to push higher, it loses steam fast, while the downside moves stretch out much longer.

⬤ The pattern follows what traders call the Principle of Proportionality—basically, when a market’s trending down, rallies tend to be short and weak while declines are long and deep. The chart backs this up perfectly. Those brief upward pushes marked in blue get crushed by much heavier downward pressure almost every time, making it obvious which direction is in control here.

⬤ What’s really concerning is how DOGE keeps failing right at weekly cycle pivots, and failing early. When that happens consistently, it historically means price is likely headed toward the next synchronized pivot point. For Dogecoin, this suggests buyers aren’t showing up strong enough to fix the technical damage before the next wave of selling kicks in. The chart clearly marks zones where supply keeps overwhelming demand, blocking any real consolidation from forming.

⬤ The bigger market picture doesn’t help either. Precious metals are rallying in sync, showing coordinated strength, but crypto isn’t following suit. Meanwhile, the S&P 500 has been range-bound forever, signaling that risk appetite across markets is pretty limited. That divergence explains a lot about why weaker crypto structures like DOGE are having such a hard time finding footing.

⬤ This matters because Dogecoin often reflects broader speculative sentiment in crypto. When early pivot failures keep stacking up and declining phases dominate this heavily, it tends to set the tone for volatility and weakness across altcoins. Until the structure repairs itself and bullish moves start matching the length and strength of these declines, DOGE will likely keep reflecting the challenges facing risk assets right now.