- DOGE remains in long-term downtrend on weekly timeframe until $0.31 resistance is broken with conviction.
- Current uptrend is only short-term; failure to reclaim weekly high signals limited upside ahead.
- Analyst tags Astro62 as potential crystal ball holder—community awaits counter-view on meme coin king.
Dogecoin’s dream of a parabolic 2026 run just hit a cold reality check. On December 9, 2025, respected chartist Olivier O. Maximus (@Dark64) delivered a sobering verdict: DOGE is still locked in a macro downtrend on the weekly chart, and until price decisively clears the last significant weekly high at $0.31, the next true bull cycle remains on ice. The chart he shared is brutally clear. Despite the recent bounce from $0.18 lows and a promising short-term uptrend (green arrow), the broader structure remains a series of lower highs and lower lows stretching back months. The $0.31 level—marked by a thick red horizontal—has rejected DOGE multiple times and now acts as the gatekeeper between bearish continuation and genuine bull market resumption.
“On the short term (days) we are in a downtrend. On the longer term (months) the uptrend is still in play. As long as it doesn’t break the last weekly high there is not much to expect,” Maximus wrote, adding a tongue-in-cheek PS asking rival analyst @Astro062 for the “crystal ball” that sees endless pumps. His assessment aligns with on-chain reality. DOGE whales have been quietly distributing since the November spike, exchange inflows are elevated, and the meme coin’s correlation with Bitcoin is strengthening again—meaning any near-term strength is likely borrowed from BTC rather than organic demand.
Community reaction was swift and polarized. Die-hard Dogecoin maximalists flooded replies with rocket emojis and “to the moon” mantras, while technical traders nodded in agreement. The truth, as always, probably lies in the middle: DOGE can still deliver violent 30-50% rallies within its range, but a sustainable new all-time high cycle requires that weekly $0.31 break and follow-through.
With Bitcoin consolidating and altseason narratives heating up, meme coins like DOGE often lag until the very late stages of bull markets. Until that red line turns green on the weekly close, the much-hyped “Dogecoin to $1” talk remains exactly that—talk. For now, $0.31 is the line in the sand. Break it, and the bulls get their parade. Fail again, and the downtrend lives on. Choose your side wisely
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
