Dogecoin Hits Record Losing Streak as Bearish Signals Mount

Dogecoin (DOGE) just marked its longest losing streak in recent history, closing seven consecutive daily sessions in the red. This extended downtrend has alarmed investors, as the meme coin’s short-term technical outlook continues to weaken. DOGE has fallen below the 50, 100, and 200-day exponential moving averages (EMAs), reinforcing a strong bearish sentiment.

The price failed to hold the $0.22 resistance zone and has since declined to around $0.16, a level that historically acts as a psychological support. The Relative Strength Index (RSI) is currently hovering near 34, approaching oversold territory, though it has not yet triggered a typical bounce pattern. Compounding the concern is a steady decline in trading volume, signaling a lack of bullish conviction from the market.

Despite the negative momentum, the $0.16 level could serve as a critical inflection point. This range has previously acted as both support and resistance, depending on broader market sentiment. With the overall crypto market showing early signs of stabilization, a short-term technical rebound is possible—especially if buyer activity increases and volume picks up.

However, any recovery will likely remain limited unless DOGE regains the $0.18–$0.19 range with strong momentum. Until then, the asset remains trapped in a bearish structure with minimal support below. Investors should watch for a decisive shift in volume and price action before anticipating a sustained trend reversal.

Searches for “Dogecoin price prediction,” “DOGE technical analysis,” and “Is Dogecoin oversold?” are likely to rise as the market looks for signs of a turnaround. For now, caution dominates the DOGE chart as traders await confirmation of a bottom.