Usman Salis
Dogecoin is sitting at a make-or-break level right now. After dipping below $0.19 to grab liquidity, the coin bounced slightly, following a pattern similar to Bitcoin's recent behavior.
Key Technical Levels
According to analyst Crypto Bully, what happens next depends on whether DOGE can push back above its short-term moving averages and reclaim Monday's low around $0.20. If it does, we could see a run toward $0.22.
- Equal Lows Swept: Price dropped below $0.19, triggering a liquidity grab before bouncing
- EMA 20/50 Resistance: Both short-term moving averages are currently acting as overhead resistance—flipping above them would signal a bullish shift
- Daily Open: Around $0.196, serving as the current pivot point
- Monday Low: Near $0.20, the crucial level that needs to be reclaimed for upward momentum
- Monday High: At $0.22, the next target if bulls take control
- Invalidation: Staying below $0.19 would confirm bears are still in charge
Market Context
DOGE's movement is closely tied to Bitcoin right now. BTC recently bounced after sweeping its own equal lows, and if that bounce continues, DOGE could follow. Meme coins tend to amplify whatever the broader market is doing, which means this setup could get volatile fast.
If bulls manage to flip the 20 and 50 EMAs and push back above $0.20, we're likely looking at a move toward $0.22 where liquidity sits at Monday's high. That's the optimistic scenario. On the flip side, if DOGE can't hold above $0.19, sellers could push it even lower. The price action over the next few sessions will tell us whether buyers have enough strength to take back control or if bears still have the upper hand. For now, it's all about watching those key levels and waiting to see which way DOGE breaks.
Usman Salis
