Dogecoin is testing a critical long-term support zone between $0.09 and $0.10, a level that could determine its next major price movement. Weekly momentum indicators like the RSI and MACD remain weak and bearish, despite early signals of seller exhaustion. Traders are closely monitoring the $0.08 to $0.13 trading range, as a breakout could potentially lead to a move toward the daily 200-period moving average.
Dogecoin is compressing near the $0.09–$0.10 support region, according to TradingView analysis. The asset has spent months inside a broad descending structure following its explosive rally in late 2024.
That surge carried the price toward the mid-$0.30 area before momentum faded. The weekly candle is now trading around $0.10, testing a demand zone that has historically acted as a floor.
A break below $0.09 could see liquidity move toward $0.07. A bounce from support may see a move back toward the descending resistance near $0.20.
The weekly RSI is in the mid-30s, below the neutral 50 level. This zone has previously indicated periods of flat prices or slow buying for Dogecoin.
The MACD also remains negative, with its line below the signal line. The histogram bars are bearish but appear to be shrinking, though a confirmed bullish crossover has not yet occurred.
Market structure on the daily chart has indicated a downtrend. The price has remained below declining moving averages, which act as dynamic resistance.
Trader Daan Crypto Trades pointed out that DOGE displayed good price action following a test at $0.08. He identified the $0.08-$0.13 region as a large trading range and stated that remaining above it would increase confidence in reaching the daily 200 MA and EMA.
