Saad Ullah
After weeks of bearish pressure, Dogecoin may finally be finding its footing. Following a sharp October crash, DOGE has begun forming what technical traders call a "higher low"—a potential sign that the worst is over and a recovery could be underway. The question now: can the $0.189 support level hold, and will buyers step in strong enough to flip the trend?
From Crash to Recovery: DOGE's Structural Shift
The chart shared by Trader Tardigrade tells a clear story. After crashing in early October, Dogecoin slid into a downtrend marked by lower highs and lower lows—classic bearish behavior. But then something shifted. Price found support around $0.185, forming equal lows and slowing the selling momentum. Buyers started stepping back in, and DOGE printed a higher low followed by a higher high—textbook signs of a trend trying to reverse.
Now, price has pulled back to test the $0.189 level, which is acting as the new structural floor. As long as DOGE stays above this line, the bullish setup remains alive. Break below it, though, and the optimism fades fast.
Key Levels to Watch
- Support: $0.189 — This is the higher low that needs to hold for the uptrend to continue.
- Resistance: $0.207–$0.210 — Recent highs were rejected here; breaking above could confirm momentum.
- Next Target: $0.225–$0.230 — If $0.210 breaks, this zone becomes the next logical upside target.
A failure at $0.189 would likely send DOGE back toward $0.175–$0.180 and invalidate the bullish structure.
Market Context and Outlook
Dogecoin's recent stability mirrors broader market improvement, with Bitcoin holding strong and altcoins showing renewed interest. DOGE, always sensitive to retail sentiment, tends to move aggressively when momentum shifts. The current price compression—small daily candles and reduced volatility—often precedes a bigger breakout in either direction.
For now, the technical setup leans bullish. If buyers defend $0.189 and push price back above $0.21, it could attract short-term traders looking to ride the reversal. But if support fails, expect another leg down and a return to bearish territory.
The next few days will likely decide whether this is the start of something bigger—or just another failed bounce.
Saad Ullah
