Dogecoin at a Critical Juncture: Long-Term Support Under Scrutiny
Dogecoin (DOGE) is currently navigating a precarious position, trading directly at the base of a significant long-term support band, as identified by its monthly Ichimoku cloud. Crypto analyst Cantonese Cat succinctly described the situation, stating DOGE is "licking the bottom of its monthly Ichimoku cloud," highlighting a pivotal moment for the popular meme coin.
Monthly Ichimoku Analysis Reveals Key Support Levels
Examining the 1-month DOGE/USDT chart on Binance as of December 7, 2025, Dogecoin is priced around $0.14050, reflecting a monthly decline of approximately 3.8%. The month's trading has seen an opening at $0.14599, reaching a high of $0.15340, and a low of $0.13177, indicating tight but downward-trending price action. The Ichimoku indicator, set to standard 9-26-52-26 parameters, shows the Tenkan-sen (fast conversion line) near $0.20092 and the Kijun-sen (base line) around $0.27491. The cloud itself, a forward-projected red Kumo, stretches into 2026 with its leading spans at $0.23792 and $0.26674. With the current price positioned just below both Tenkan and Kijun, and directly at the lower boundary of the projected cloud, this area, which dips into the $0.12-$0.13 range before flattening, is crucial. The analyst suggests that sustained monthly closes above this $0.12-$0.14 range would signify a long-term bottoming zone rather than a complete breakdown.
Weekly Chart Echoes Pressure with Overhead Resistance
On the weekly DOGE/USDT chart, Dogecoin finds itself within a distinct red support zone ranging from $0.135 to $0.145. This zone's importance is amplified by its alignment with previous multi-week consolidation and resistance levels. Recent weekly candles demonstrate repeated probing of this boundary, with long wicks extending below, indicating aggressive market testing. While the current candle holds marginally above $0.14392 within the upper half of this support block, Dogecoin trades beneath its 20, 50, 100, and 200-week Exponential Moving Averages (EMAs), with the 200-week EMA at $0.15563 serving as immediate overhead resistance. Furthermore, the loss of a prior rising black trendline, which connected higher lows, has led to a sharp price decline. The convergence of this broken trendline and the moving averages now forms an "overhead supply region," creating a compression point for Dogecoin's price between this resistance and the established horizontal support zone.
