DOGE Tests $0.09 Support After Months of Decline

Dogecoin hit a crucial demand zone after extended losses. How price behaves here could signal whether a relief bounce is coming or if the downtrend continues.

⬤ Dogecoin has dropped into a critical technical zone after months of sustained pressure. The meme coin recently touched major support following a long period of seller dominance and deteriorating price structure.

⬤ The chart reveals a liquidity sweep followed by sideways movement near the $0.09 lows. Candles are tightening as the price compresses, indicating that selling momentum is fading while buyers step in to hold the line.

⬤ Traders are watching closely to see if support holds. A successful defense could spark a short-term bounce, but any real reversal would need stronger confirmation. Right now, this looks more like a reaction than a trend change.

Dogecoin Plunges 36% Following Bearish Ichimoku Signal

Dogecoin experienced a sharp decline after triggering a bearish Ichimoku pattern at the Kijun-sen resistance level. The selloff continued for over a week without any bounce-back attempt.

⬤ The $0.09 level is now make-or-break for sentiment in the coming days. If it holds, we might see temporary relief. If it breaks, the downtrend likely continues deeper.

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Saad Ullah E-mail Twitter Facebook

Saad is an engineer with more than a decade of experience in FMCG companies. He loves to write about innovative tech and blockchain.