Is the DOGE downtrend near its end? A trader says the daily MACD shows another bullish crossover forming under zero, and a 4-hour pin bar shows buyers stepping in. In this Dogecoin Price Pred
Is the DOGE downtrend near its end? A trader says the daily MACD shows another bullish crossover forming under zero, and a 4-hour pin bar shows buyers stepping in.
In this Dogecoin Price Prediction, DOGE trades at $0.07695, still inside a falling channel. Shorts took about 85% of the $2.86M liquidated in 24 hours. Neither signal is confirmed yet.
Market data checked on November 5, 2026, at 10:10 IST.
The dogecoin price today is up 4.90% to $0.07695 in 24h, closely tracking a broad crypto market rally that added 4.95% to total market cap, primarily driven by a post-election relief rally as political uncertainty faded. It shows a strong beta correlation with Bitcoin, which rose 5.33%.
Reason: Macro-driven market rebound following U.S. midterm election results, which reduced near-term political uncertainty and spurred a risk-asset rally.
The daily MACD shows another bullish crossover forming under zero again, and that Dogecoin may be nearing the end of the downtrend.
MACD is a momentum indicator built from two moving averages. A bullish crossover is when its faster reading crosses above its slower one.
"Under zero" means MACD is still negative after a decline, and "forming" means it is not confirmed. Our chart does not show MACD, so CoinGabbar could not verify it.
Source: Data From X
DOGE is "looking interesting on the 4H chart." He says a bullish pin bar is forming with a pretty long lower wick, and it looks like buyers are stepping in.
A pin bar is a candle with a small body and a long wick, showing the price was pushed back.
He lists what he is watching:
Entry: a retest of the pin bar's body low
Invalidation: a 4H close below the wick low
Target: the previous swing high, as marked on the chart
Invalidation is the level where the setup fails. He adds that it could be the start of a reversal, but he wants follow-through from buyers first.
The post from X gives no prices, and the 4H chart was not shown, so CoinGabbar could not verify the levels.
A liquidation is a forced close of a leveraged trade when the trader can no longer cover losses.
Window
Total Liquidated
Long
Short
1h
$8.97K
$8.97K
$0
4h
$17.37K
$17.14K
$227.97
12h
$290.35K
$217.72K
$72.62K
24h
$2.86M
$420.19K
$2.44M
Source: Data From CoinGlass
Shorts took about 85% of the $2.86M liquidated over 24 hours, which fits a bounce that forced short sellers out. About 90% of it came before the last 12 hours. Since then, longs took about 75% of a much smaller $290.35K.
$DOGE peaked near $0.10007 on September 22 and has since moved inside a falling channel, a pair of downward-sloping boundaries that hold price in a range.
Yesterday's green candle dipped near the $0.07203 level from our November 4 article, then closed back above $0.0770.
Today's small red candle opened at $0.07708 and printed $0.07695. Price sits above the $0.07638 level, but below the channel's upper boundary.
The candle was still open, so the close can change.
Type
Level
Highest marked level
$0.10007
Resistance 2
$0.08821
Resistance 1
$0.08196
Immediate support
$0.07638
Deeper support
$0.07203
Lowest marked level
$0.06839
Bull case: A daily close above $0.08196, about 6.5% higher, would move $DOGE toward the channel's upper boundary and $0.08821.
Bear case: If $DOGE closes below $0.07638, less than 1% lower, the price could slide toward $0.07203, about 6% lower.
Scenario
Trigger
Likely Outcome
Invalidation
Bull
Close above $0.08196
Move toward $0.08821
Close below $0.07638
Base
Range of $0.07638 to $0.08196
Sideways inside the channel
Break of either level
Bear
Close below $0.07638
Slide toward $0.07203
Close back above $0.07638
It would take a gain of about 30% from $0.07695. Any DOGE price prediction toward it needs more than an early reversal signal, since DOGE must first leave the channel and clear $0.08196 and $0.08821.
Two signals point to a possible bottom, but neither is confirmed. The level to watch is $0.07638. A daily close below it would open $0.07203, while a close above $0.08196 would be the first real sign of strength.
This article is for informational purposes only and isn't financial advice. Crypto markets are volatile. Always do your own research before making any trading decisions involving DOGE.
