Dogecoin (DOGE) has experienced a 16% decline since its November high, with analysts suggesting its recovery is heavily dependent on Bitcoin's performance. Technical indicators show DOGE struggling below a key trend line, with potential downside targets at $0.32 and $0.29-$0.26 if it fails to hold above $0.32. Despite the bearish outlook, a hidden bullish divergence on the daily chart offers a glimmer of hope, contingent on Bitcoin's imminent breakout from its current price compression.