Dogecoin (DOGE) Enters Weak Downtrend? Key Ichimoku Signal Flashes
TL;DRIchimoku Chart Shows Weak Bearish SignalDogecoin (DOGE) is currently trading in a consolidation zone with mixed signals across different timeframes. While short-term indicators suggest downward pressure, longer-term analysis shows that the current cycle’s major upward move has not started. At press time, DOGE was trading at $0.21, down 3% over the past 24 hours and 6% for the week.According to Trader Tardigrade, the daily Ichimoku chart has shown a weak bearish Tenkan-sen/Kijun-sen cross above the Kumo cloud as of August 31. The price remains within the Kumo, suggesting continuedconsolidation. Support is located at $0.21517, with resistance at $0.22194 and $0.22444, based on the top of the Kumo and the Kijun-sen line.#Dogecoin Ichimoku Daily Analysis for Trading (as of 31 Aug close)New Signal: – Tenkan-sen/Kijun-sen Cross: Weak bearish cross above Kumo (cloud) on 31/8Comment:$DOGE remains within the Kumo, indicating consolidation. A weak bearish Tenkan-sen/Kijun-sen Cross signals a short… pic.twitter.com/NLhw21Jg1O— Trader Tardigrade (@TATrader_Alan) September 1, 2025Meanwhile, the trend score remains neutral overall. The green Kumo indicates a longer-term bullish bias, but the short-term trend shows a downtrend, and the mid-term is flat. Noting the importance of how the price behaves around the current cloud structure, Tardigrade said,“A weak bearish Tenkan-sen/Kijun-sen Cross signals a short setup.”Monthly Chart Shows Bull Run Has Yet to StartOn the monthly chart, the Rate of Change (ROC) indicator is flat. According to Trader Tardigrade, this suggests that the macro-level bull cycle has not begun. Past rallies in 2017 and 2021 were preceded by sharp ROC spikes. No such move is present at this time.Remarkably, the chart marks a projected future zone where momentum could return.“The #Dogecoin Rate of Change (ROC) indicator on the monthly chart reveals that the bull run for this cycle hasn’t started yet,” said Tardigrade.Triangle Pattern Signals Breakout Watch Near $0.23Analyst Ali Martinez reports that DOGE is forming a symmetrical triangle on the 4-hour chart. The price has been consolidating since late July. A break above $0.23 could trigger a short-term rally, with projected resistance levels at $0.2431, $0.2596, $0.2823, and $0.3140.Support remains at $0.2217 and $0.21. Until abreakoutoccurs, price action is expected to stay range-bound.“Break $0.23 and a new bull rally begins,” Martinez said.