Dogecoin (DOGE) remains in consolidation after absorbing weaker positions through a liquidity sweep, holding a critical support zone that analysts are watching. According to data, the token trades below key moving averages with a bearish technical structure, forming lower highs and lows. Indicators like the RSI under 40 and a negative MACD signal ongoing selling pressure and weak buying interest.
Dogecoin is holding a critical support base following a market liquidity sweep, according to analyst BitGuru. Maintenance of this zone could enable a slow accumulation period for cautious investors.
A rebound could be fueled by patient buying at this base and higher liquidity levels near $0.15. Such periods of consolidation are noted by market watchers as often preceding sharp upward price movements.
Technically, DOGE exhibits a short-term downtrend after failing to break a descending trendline. The asset trades below its 200-day simple moving average, found at approximately $0.101, within a range of $0.088 to $0.090.
The price remains below the Ichimoku cloud, with resistance between $0.093 and $0.096. A move back into the $0.096 to $0.101 region would be required to shift the short-term outlook to bullish.
The Relative Strength Index is at 38.71, below its signal line, indicating bearish control. Although it has rebounded from oversold territory, it remains in a weak region, suggesting buyers have not regained dominance.
The Moving Average Convergence Divergence indicator also reinforces downward pressure, with its line well below the signal line. The presence of red histogram bars on the MACD indicates persistent selling momentum in the market.
