Dogecoin held above a key descending trendline support on Tuesday, February 17, maintaining a broader bullish market structure. Analyst Trader Tardigrade noted the firm support, though price momentum eased. The meme coin faces strong resistance between $0.11 and $0.12, with a breakout needed to target $0.15, while technical indicators like the RSI and MACD show improving momentum.
Dogecoin (DOGE) continues to hold its ground above its declining trendline support, confirming the prevailing market structure remains bullish. According to crypto analyst Trader Tardigrade, “the support holds firm, fueling the hopes of the market players for the price to go higher.”
To move toward the $0.15 milestone, DOGE will require stronger buying support and a rise in trading volume. Traders will need to watch for strong bullish candles to prove the conviction behind the move.
Data from TradingView shows the price is currently trading near the 0.236 Fibonacci retracement level around $0.098. If the price can stay above the $0.11-$0.12 zone, a relief rally to $0.127 or $0.14 is possible.
The RSI has rebounded from oversold levels and is now in the low 40s, suggesting downward pressure is decreasing. A breakout above 50 would confirm growing upward momentum.
The MACD has printed a bullish crossover, with its histogram bars turning positive. This signals improving short-term momentum following a recent dip, though the indicator remains below zero.
