The Dogecoin price is facing renewed pressure as market watchers warn the meme coin may not be out of the woods yet. A crypto analyst warns that unless Dogecoin meets certain key conditions, its ongoing weakness could trigger another price crash, further extending its bearish trend. KrissPax presented a TradingView chart showing just how far he believes Dogecoin could decline if it fails to recapture market interest and demand. Firstly, the chart highlights a higher-timeframe descending channel pattern that began after the broader market flash crash on October 10, 2025.
At the time, Dogecoin recorded one of its largest single-day price crashes, falling from above $0.26 to below $0.10 before quickly recovering. Following that steep decline, Dogecoin price remained stuck in the descending channel, with its overall structure reflecting a bearish trend. Typically, a descending channel pattern favors more downside pressure unless a decisive breakout occurs. So far, Dogecoin has made a few recovery attempts; however, its price has failed to sustain any bullish rally.
Recent price action, as shown in the chart, also indicates consolidation near the lower to middle part of the channel, with a gradual base forming around $0.12-$0.14. For now, a clear break below the lower trendline of the channel would confirm the continuation of Dogecoin’s prolonged downtrend. On the flip side, a breakout above the upper trendline of the descending channel with volume confirmation could invalidate DOGE’s bearish structure and signal a potential trend change. According to CoinMarketCap data at the time of writing, Dogecoin remains in negative territory, recording a price correction of more than 3% over the past 24 hours.
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