Dogecoin is attempting a reversal from a prolonged downtrend, currently trading at $0.113 and testing key support at $0.10. Analysts note a potential breakout from a falling wedge pattern, with critical resistance between $0.125 and $0.13. Technical indicators like the RSI and a nearing MACD crossover suggest shifting momentum, and a confirmed move above $0.20 could target $0.25.
Dogecoin (DOGE) is attempting a reversal after a prolonged downtrend, trading at $0.113. The price is testing a strong support level at $0.10, which held through early February.
Traders are monitoring for a breakout above the $0.125–$0.13 zone. This area is the upper boundary of a falling wedge pattern, a formation that often signals potential reversals.
Price consolidation near the wedge apex is critical for confirming any breakout toward higher targets. According to the crypto analyst Globe Of Crypto, Price consolidation near the wedge apex is critical for confirming any breakout toward higher targets, including $0.25.
Momentum indicators show signs of improvement. The Relative Strength Index has rebounded from oversold territory to 38.38, indicating easing selling pressure.
The MACD line is also approaching a crossover with its signal line. A bullish crossover would reinforce the likelihood of a reversal if the price continues upward.
From a wider technical perspective, DOGE trades below its major moving averages. The 20-day Simple Moving Average sits at $0.152, with the 200-day SMA acting as resistance at $0.136.
Immediate support remains at $0.10, with further downside targets at $0.085 and $0.07. Upside targets depend on breaking through the $0.136, $0.15–$0.16, and $0.18–$0.19 ranges.
A confirmed move past $0.20 would shift the structure from bearish to accumulation. This could attract more buyers and shape the near-term direction for DOGE and other altcoins.
