Trendlines(US:TRNLY) Sou Hu Cai Jing·2025-11-18 04:08Core Insights - The cryptocurrency market is experiencing significant volatility, with Dogecoin ($DOGE) facing a critical test of its long-term recovery trend [2] - A key upward trend line has been breached, indicating potential bearish momentum for Dogecoin [3] Price Analysis - The monthly chart of Dogecoin shows a clear long-term trend, with a critical support level around $0.18, which has been broken as the current trading price is $0.1626 [3] - The price is now being squeezed near a support level of approximately $0.159, which has historically acted as both resistance and support over the past two years [3] Historical Context - The $0.159-$0.16 range is significant for Dogecoin, having previously served as a strong barrier to price increases from May to October 2024, before a breakout led to a surge to $0.4843 in December [5] - Entering 2025, this range transformed into a critical support level, with monthly closing prices consistently holding above it despite several dips [6] Future Outlook - The closing price at the end of November is crucial, as it will determine the future trajectory of Dogecoin [7] - If Dogecoin can reclaim and close above the $0.18 trend line, the long-term upward trend may remain intact; otherwise, a significant drop below $0.159 could indicate a shift towards a bearish market [7][9]