Dogecoin (DOGE), the meme-inspired cryptocurrency launched in 2013, is trading near $0.077 after October selling pressure unwound much of the recovery built in August and September, leaving the token below both its 50-day and 200-day moving averages. Against that backdrop, analysts are tracking potential longer-term breakout structures, including a scenario mapped by Giannis Andreou that could carry the price toward $0.70 if successive resistance levels give way.

Chart Pressure Builds Near $0.075 Support

DOGE climbed toward $0.117 in late April and May before a sharp June decline. The downtrend extended through July and early August, dragging the price toward the $0.070–0.072 range. A recovery that began in mid-August lifted DOGE from roughly $0.071 to $0.093, and a further rally briefly pushed it above $0.100 in late September.

Selling intensified in October, however, taking the price back below $0.093 and then $0.087. The latest chart places DOGE around $0.077 — below its 50-day moving average at $0.079 and its 200-day moving average at $0.088 — with the 50-day average also sitting beneath the 200-day, a crossover chartists commonly call a "death cross" and read as a sign that the longer-term trend remains downward.

Immediate support lies between $0.075 and $0.077, followed by the $0.070–0.072 zone. On the upside, resistance sits near $0.079–0.080, with another barrier around $0.087–0.088 — the kinds of zones where traders watch for shifts between buying and selling pressure. Trading volume increased during June's decline and during the August–September rallies, though those advances failed to sustain their gains; volume behavior is one of the gauges chartists use to judge whether a move through such zones can hold.

Andreou Maps a Possible Route Toward $0.70

Writing on X (@gandreou007), Giannis Andreou said DOGE has broken above a steeper descending trendline on the weekly chart, although the broader downtrend remains overhead. He identified $0.07–0.08 as the base DOGE needs to defend a recovery toward $0.20.

Beyond that level, resistance stands at $0.2795. A breakout above the broader trendline, confirmed by a successful retest, could open a path toward $0.4837, according to Andreou. Holding that level as support would then place the $0.70–0.7372 zone in focus. He cautioned that losing the recent base would weaken the scenario. Roadmaps of this kind are conditional rather than forecasts: each leg depends on the previous level holding, and weekly-chart structures like this one are typically used to frame views spanning months or years rather than days.

Tardigrade Sees Echo of 2015–2017 Structure

Separately, Trader Tardigrade compared Dogecoin's monthly chart with its 2015–2017 structure, which featured a prolonged base followed by a falling wedge — a pattern in which price drifts lower between two converging trendlines and which chartists generally treat as a potential reversal signal when price breaks above it. The analyst suggested another breakout could occur, without specifying a date or price target. For observers of the current setup, the near-term reference points are whether DOGE holds the $0.075–0.077 support and the $0.07–0.08 base, and whether any move through the $0.087–0.088 resistance arrives with volume behind it — the checkpoints on which Andreou's roadmap depends and the kind of prolonged-base behavior Tardigrade's comparison turns on.