Dogecoin is trading at $0.1117, experiencing minor selling pressure after a recent rally but holding above a key support level. Analyst BitGuru notes the meme cryptocurrency has been consolidating for months and suggests a potential rebound toward $0.13–$0.15 is possible if buyers return. Technical indicators show the Relative Strength Index cooling from recent highs while the Moving Average Convergence Divergence remains positive but shows weakening upward momentum.
Dogecoin price faces short-term selling pressure but remains above a crucial support zone, indicating bulls are attempting to maintain dominance. At the time of writing, DOGE is trading at $0.1117 with a market capitalization of $17.26 billion and a 24-hour trading volume of $3.91 billion.
Analyst BitGuru reported that DOGE appears ready for a bullish trend after months of tight consolidation. “Market sentiment is slowly coming back, which might help the coin reach $0.13 to $0.15 in the short term,” the analyst stated.
The Relative Strength Index is currently at 59.66, having cooled from a recent high near 67. DOGE also holds above its 20-day moving average of $0.10853, maintaining a slight short-term uptrend.
The Moving Average Convergence Divergence indicator continues trading in positive territory, though its histogram has turned negative. This shift suggests the recent upward momentum may be fading following the latest price rally.
Should renewed demand emerge, Dogecoin price could attempt a push toward the $0.13 resistance level. A failure to hold current levels may lead to consolidation or a test of support near $0.108.
