@dogecoin priceDOGE

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DOGE Break-Retest Play – Continuation Long Setup 🟢 LONG Entry Zone: 0.1245 – 0.1255 SL: 0.1218 🎯 TP1: 0.1285 🎯 TP2: 0.1320 🎯 TP3: 0.1380 DOGE has printed a strong impulsive move with high volume and cleanly reclaimed EMA(7), EMA(25), and EMA(99) on the 1H timeframe. The pullback from 0.1266 is healthy and holding above the EMA cluster, indicating buyers are defending the breakout zone. Volume expansion on the breakout candle confirms genuine demand. As long as price stays above 0.1235–0.1240 support, continuation toward higher liquidity zones is favored. ⚡ Momentum intact, structure bullish, dips are buy opportunities. Trade $DOGE carefully 👇📈

Dogecoin started a recovery wave above the $0.120 zone against the US Dollar. DOGE is now facing hurdles near $0.1240 and might struggle to continue higher. 🎯DOGE price started a recovery wave from $0.1175 and climbed above $0.120. 🎯The price is trading below the $0.1250 level and the 100-hourly simple moving average. 🎯There is a bearish trend line forming with resistance at $0.1240 on the hourly chart of the DOGE/USD pair 🎯The price could continue to move up if it stays above $0.1240. Dogecoin Price Runs Into Resistance Dogecoin price started a recovery wave from the $0.1175 zone, like Bitcoin and Ethereum. DOGE climbed above the $0.1180 and $0.120 resistance levels. There was a decent upward move above the 50% Fib retracement level of the downward move from the $0.1277 swing high to the $0.1175 low. However, the bears are active near the $0.1240 level. Besides, there is a bearish trend line forming with resistance at $0.1240 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading below the $0.1230 level and the 100-hourly simple moving average. If there is a recovery wave, immediate resistance on the upside is near the $0.1240 level, the trend line, and the 61.8% Fib retracement level of the downward move from the $0.1277 swing high to the $0.1175 low. The first major resistance for the bulls could be near the $0.1280 level. The next major resistance is near the $0.1320 level. A close above the $0.1320 resistance might send the price toward the $0.140 resistance. Any more gains might send the price toward the $0.1450 level. The next major stop for the bulls might be $0.150. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.1240 level, it could continue to move down. Initial support on the downside is near the $0.120 level. The next major support is near the $0.1180 level. The main support sits at $0.1150. If there is a downside break below the $0.1150 support, the price could decline further. In the stated case, the price might slide toward the $0.1080 level or even $0.1050 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.1180 and $0.1150. Major Resistance Levels – $0.1240 and $0.1280. $DOGE

Dogecoin’s price action on the daily timeframe is starting to show early signs that the downtrend may be losing momentum. The king of meme coins has been trading with months of declining price movement, but technical analysis shows it is now printing a technical setup that might become a turning point. A developing double-bottom structure combined with a clear RSI divergence is shifting attention back to the possibility of a reversal, even as Dogecoin’s price action is compressed near long-term support around $0.12. RSI Divergence Shows Weakening Bearish Momentum The most notable development comes from the Relative Strength Index on the daily chart. Technical analysis shows that while Dogecoin’s price is now revisiting the same support region around the $0.12 zone, the RSI failed to make a new low. Instead, it formed a higher low, which created a bullish divergence between momentum and price. This divergence shows that sellers are no longer pushing price lower with the same strength seen earlier in the downtrend. This development is notable because similar RSI behavior has often preceded relief rallies for Dogecoin when paired with strong structural support. Furthermore, Dogecoin’s price action appears to be creating a double bottom along the lower boundary of a descending channel, as shown in the chart below. This type of structure is pointing to exhaustion on the sell side behind the scenes. The longer Dogecoin’s price holds above this base, the stronger the argument becomes that accumulation is taking place. The reversal outlook is based on whether $DOGE can reclaim and hold above $0.16. A confirmed move above it would validate the RSI divergence and double bottom, although it won’t be until Dogecoin is able to break above $0.31 that the real rally will begin. Fractal Points To An Incoming Expansion Technical analysis of Dogecoin’s higher-timeframe chart introduces a compelling historical parallel that sees the memecoin pushing well above $0.31. Particularly, Dogecoin is printing a fractal on the weekly candlestick chart that looks like one that preceded a 331% breakout in late 2024. In that prior instance, Dogecoin spent months grinding lower, formed a rounded basing structure, and then launched into a near-vertical move once momentum flipped. The current structure shows a similar rounded recovery attempt followed by a controlled pullback into long-term support. At the time of writing, Dogecoin is trading at $0.1221. As shown in the chart below, the current price action is now sitting at the base of what could be the next vertical leg higher if the fractal continues to play out as expected. Although there is still a need for confirmation, these analyses indicate that Dogecoin may be transitioning out of its corrective phase and positioning for a much larger move ahead.