Current Situation
Dogecoin ($DOGE ) is near an important support price around $0.13.
In November, DOGE broke a 763-day long support trendline, which was a bad sign.
Right now, DOGE price is about $0.131.
It is down 58% compared to last year and down 20% in the last month.
What Is Happening Now
DOGE dropped strongly from $0.136 in early December.
The price briefly went below $0.124, then quickly recovered (this is called a liquidity sweep).
Now, DOGE is making higher lows near $0.126, meaning buyers are buying earlier than before.
This shows selling pressure is slowing down.
Key Price Levels
Analysts say $0.128 – $0.130 is a very important zone.
Earlier, this zone acted as resistance (price could not go above it).
If DOGE can hold above this zone, it may move higher.
If DOGE falls below $0.130, price could drop 25% to around $0.095.
Technical Signals (Simple Meaning)
On the 4-hour chart, RSI shows bullish divergence:
Price is going lower
RSI is going higher
This often happens before a price bounce
Selling candles are becoming smaller, showing sellers are losing strength.
Possible Price Movement
If buyers stay strong:
DOGE could move up to $0.135
Then possibly $0.140
A break above $0.132 would confirm a short-term recovery.
If support fails:
Next support is around $0.105
Worst case could be $0.095
Bigger Picture
DOGE is still in a downtrend on daily charts.
It is trading inside a descending channel and making new lows.
The overall crypto market is weak.
Bitcoin is around $97,000 after high volatility.
Memecoins are not as strong as they were in late 2024.
Volume & Market Activity
Trading volume is still high at $1.99 billion in 24 hours.
This shows traders are still active even though price is weak.
