According to Trader Tardigrade, Dogecoin (DOGE) is currently experiencing a breakdown into the lower boundary of its established parallel trading channel, raising questions for traders about whether this movement signals a temporary shakeout or a genuine bearish break (source: Trader Tardigrade on Twitter, June 15, 2025). This technical setup highlights increased volatility and potential for further downside in the short term, making risk management and close monitoring of support levels essential for active DOGE traders.

According to @TATrader_Alan, Dogecoin has been moving within a Parallel Channel pattern, showing alternative periods with and without overshoot. The pattern suggests that the next upward move could push Dogecoin to $3.69, providing a potential trading opportunity for investors aiming to capitalize on this trend.