As of press time, Dogecoin (DOGE) was trading at approximately $0.1337 , up slightly by 1.43% in the last 24 hours. While the current price indicates short-term buying interest, it continues to encounter selling pressure around $0.137–$0.138, limiting upward momentum.
In terms of recent trends, Dogecoin has shown a clear correction structure over the past month, with the price gradually falling from 0.162 to around 0.13, forming lower highs and lows during this period , with a cumulative drop of about 20% , reflecting continued selling pressure and weak rebound strength in the market.
Dogecoin's monthly chart shows weakness, with the price falling below $0.16.
From a longer-term perspective, the monthly chart shared by renowned analyst Ali Martinez shows that Dogecoin significantly retreated after hitting the key resistance zone of 0.40–0.43, marking the end of a strong upward phase and the beginning of a broader correction. Currently, the price is consolidating around 0.14, but the monthly chart structure remains weak, failing to regain the 0.16 level, which has now become significant resistance.
From a technical perspective, Dogecoin is at a critical juncture. To avoid further declines, it must hold the support zone of 0.12–0.10. Conversely, a sustained stay below 0.14 could trigger a deeper sell-off. On the upside, a stable monthly closing price above 0.16 would be a signal of a strengthening trend and a return of buyers.
Dogecoin held the $0.13 support level, but the daily chart shows weakening momentum.
On the daily chart, Dogecoin is currently trading around 0.136, with the overall trend remaining weak or in a sideways consolidation phase. The current price is temporarily holding the key support zone of 0.13–0.125, a range that has previously attracted buying interest multiple times. Resistance is seen at 0.145–0.15 , a level that has consistently suppressed price rebounds and dominated recent trading range.
From a momentum perspective, the RSI (14-day) is around 40.60 , indicating that although the market is not severely oversold, buying momentum remains insufficient. The MACD indicator is still in negative territory, with both the signal line and the MACD line below the zero axis, reflecting that the downtrend has not yet reversed. However, the histogram is gradually flattening, suggesting that downward momentum may be weakening.
