The analysis suggests DOGEUSD is bearish, with a minor 16% decrease from its peak. The analyst marks a bearish trendline using hammer candlesticks, indicating selling pressure. The main long-term DOGEUSD target is $1, dependent on the Russell 2000 (RUT) breaking above its all-time high. Until then, DOGEUSD remains bearish. He predicts the DOGEUSD bottom will form only after related video views decline. The RUT index is currently analyzed indicating that may happen in a few months if the price actions meet certain criteria. The analyst believes RUT breaking its high activates the "blowhole" trend.