Dogecoin still looks weak against USDT while it trades below its downtrend, keeping the $0.047 liquidity zone in focus. However, the DOGE/ETH chart is testing long-term relative support, which could decide whether DOGE starts outperforming Ethereum again or keeps lagging.
Dogecoin Downtrend Keeps $0.047 Liquidity Target in Focus
Dogecoin remains under pressure on the higher-timeframe chart as price continues to make lower highs and lower lows. Unless DOGE breaks back above $0.11 with strength, one trader says the next high-probability area to watch sits near $0.047.
DOGE/USDT weekly chart. Source: Stefan on X, TradingView
The chart shows DOGE still trading below a long-term descending trendline that has capped price since the previous major high.
According to Stefan, the setup does not support aggressive bullish targets yet. He said DOGE is still grinding lower on the wrong side of the trendline, which keeps liquidity below in focus.
The main downside area on the chart sits near $0.047. That level is marked as an equal-lows zone and could become the next major pivot if price continues lower.
Below that, the chart also shows deeper historical levels near $0.041 and $0.028. These areas could matter if DOGE fails to hold the first liquidity target.
However, the bearish view has a clear invalidation level. Stefan said DOGE would need to break above $0.11 with strength to weaken the downside setup.
For now, the chart remains cautious. Until DOGE reclaims the trendline and breaks higher resistance, the $0.047 liquidity zone stays in focus.
DOGE/ETH Chart Shows Dogecoin Near Key Relative Support
Dogecoin is sitting near a long-term support zone against Ethereum, making the DOGE/ETH pair important for traders comparing both assets. If DOGE holds this area, it could start outperforming ETH again, but losing support would keep Ethereum in control.
DOGE/ETH chart. Source: polaris_xbt on X, TradingView
The chart shows DOGE/ETH moving between two major long-term zones. The lower green zone has acted as support several times, while the upper red zone has marked major resistance during previous DOGE outperformance cycles.
That makes the current area important. DOGE is trading close to the lower support band, where past reactions have started before stronger moves against ETH.
According to polaris_xbt, this chart can help traders decide what to hold and when. In simple terms, it tracks whether Dogecoin is gaining or losing strength compared with Ethereum.
If DOGE/ETH holds the green support area, Dogecoin could begin a new relative-strength move against ETH. That would suggest DOGE may outperform Ethereum during the next rotation.
However, if the pair breaks below support, ETH would remain the stronger asset, and DOGE could continue underperforming.
The upper red zone remains the bigger target if DOGE starts gaining strength again. A move toward that area would show a major rotation back into Dogecoin relative to Ethereum.
For now, the support zone is the key signal. Holding it keeps the DOGE outperforming ETH setup alive, while losing it would favor Ethereum.
