After a sharp correction, Dogecoin shows clear signs of recovery. Discover our comprehensive analysis and the current technical outlook on DOGE.
In Brief
Price & trend: DOGE is trading around $0.24 in consolidation, with an upward trend and momentum recovering.
Key levels: Resistances at $0.26+, supports around $0.16. Breaking out of this zone could trigger a strong move.
Derivatives: Increase in open interest, declining CVD with rising price (selling absorption), slightly positive funding.
Forecasts: Bullish bias above $0.21, target at $0.43. Risk of pullback to $0.13 if bearish breakout. The macro context remains decisive.
Technical Analysis of Dogecoin (DOGE)
The DOGE price trades around $0.24, a key level where the market frequently reacts. After a strong rise, the weekly change stabilizes at +0.56%, suggesting a technical pause. Weekly spot volumes reach 6.57B, up 32%, reflecting a significant renewed interest. The trend remains bullish across all timeframes: the long-term progresses steadily, the medium-term shows clear acceleration, and the short-term maintains a sustained pace. Momentum, after weakening, is gradually recovering, confirming an ongoing rebound.
Technical Levels of Dogecoin (DOGE)
Dogecoin trades between several key technical levels. Resistances located at $0.26, $0.29, $0.31, and $0.43 represent potential distribution zones, whose breakout could trigger a bullish continuation. Conversely, supports at $0.21, $0.16, $0.15, and $0.13 correspond to historical demand zones; their breach would expose the market to extended downside risk. The monthly pivot at $0.16 serves as a reference level to evaluate the underlying trend. Finally, the high value area at $0.39 and the low value area at $0.17 delimit a market balance whose exit could signal a return of volatility.
The current technical analysis was conducted in collaboration with Elyfe, and 0xhugzer, investors and educators in the cryptocurrency market.
Derivatives Analysis (DOGE/USDT)
Market data show an increase in open interest, reflecting renewed participant engagement. The declining CVD, coupled with rising prices, suggests effective absorption of selling pressure by passive buyers. Liquidations remain low, with a slightly marked bias towards long positions, consistent with moderate but present selling pressure. Finally, a slightly positive funding rate reflects a minor advantage given to long positions, indicating a measured bullish sentiment.
The DOGE price hovers around $0.24, a key level frequently reacted to by the market. After a strong rise, the weekly change limits at +0.56%, reflecting a consolidation phase. Weekly spot volumes reach 6.57B, increasing 32%, signaling growing participation. The trend remains bullish across all timeframes: long-term is stable and oriented; medium-term shows acceleration; short-term buying pressure remains strong. Momentum is recovering with a gradual restart after a weakening phase. Several liquidation zones are identified: on the seller side between $0.248 and $0.267, and on the buyer side between $0.201 and $0.154; reaching these levels could lead to a sudden surge in volatility.
Forecasts for Dogecoin (DOGE) Price
Bullish scenario:
Conditions: Stay above $0.21.
Targets: $0.26 / $0.29 / $0.43 and beyond.
Potential: Approximately +79% from the current level.
Bearish scenario:
Conditions: Break below $0.21 support.
Targets: $0.16 / $0.15 / $0.13.
Potential: Decline up to -46% from the current level.
Comment:
The bias remains bullish, but US macroeconomic indicators and news related to the global geopolitical context will be decisive to confirm this scenario.
Conclusion
Dogecoin is in a consolidation phase after a strong rise. The trend remains bullish across all horizons, with increasing activity and renewed market momentum. Key levels frame the price, and a breakout could lead to strong volatility. Sentiment remains positive, but caution is warranted given the overall economic context. In this environment, it will be essential to closely monitor price reactions at strategic levels to confirm or adjust current forecasts.
Finally, remember that these analyses are based solely on technical criteria, and cryptocurrency prices can change quickly based on other more fundamental factors.
Interested in this study? Find our latest Solana analysis.
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Spécialiste en analyse technique, Elyfe décrypte les tendances graphiques des marchés des cryptomonnaies avec une approche rigoureuse et en constante évolution. À travers ses analyses détaillées, il apporte un regard éclairé sur la dynamique des prix, aidant les investisseurs et passionnés à mieux comprendre et anticiper les mouvements du marché.
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