Usman Salis
⬤ Dogecoin is showing early signs that it might be done falling, at least for now. After weeks of sliding lower, DOGE has found a floor around $0.105–$0.110 on the daily chart. This support zone became important after a liquidity sweep wiped out stop losses below recent lows and reset the market's positioning. The chart shows Dogecoin entering a sideways phase instead of continuing its drop.
⬤ The recent price behavior suggests the selling pressure has eased up. After taking out liquidity below previous lows, Dogecoin has defended the $0.105–$0.110 area multiple times, which means buyers are stepping in at these prices. This base is now a make-or-break zone—if DOGE can hold above it consistently, there's a chance it could set up for a bounce. The chart confirms this support lines up with the bottom of the current trading range.
⬤ Looking up, the resistance levels are pretty clear. The first hurdle sits around $0.135, with a bigger resistance zone near $0.150. These are spots where sellers showed up strong before. For Dogecoin to actually shift into recovery mode, it'll need to push through these levels and hold above them. Until that happens, it's stuck between building a base and risking another leg down.
⬤ This consolidation matters beyond just Dogecoin. DOGE often mirrors short-term sentiment across the more volatile parts of the crypto market. If it can hold the $0.105–$0.110 support, it would signal that the worst might be over and limit immediate downside risk. But if it breaks below this base, further drops become likely. As price continues to compress, how DOGE reacts around these support and resistance zones will determine where it heads next.
Usman Salis
