Dogecoin has experienced a slight recovery after consistent selling during the last 24 hours. The token rose by approximately 3%, to $0.134. Recent declines over the past month moved the price below its key support levels at about $0.129, indicating that the price broke out of its recent consolidation pattern. 

Price action remained confined between $0.134 and $0.130 through most of the day. Late in the session, the market tested lower levels and momentarily traded below $0.135. 

Despite a slight bounce, the price has not reclaimed its former range floor, leaving Dogecoin in a vulnerable short‑term posture. Traders note that the daily low near $0.1289 and the high around $0.1341 define the current 24‑hour range.

Dogecoin TD Sequential Buy Signal Hints at Rebound Potential

Dogecoin’s charts are showing signs that selling pressure may be waning. On the three‑day timeframe, a TD Sequential “9” has appeared after several bearish candles. This setup usually signals trend exhaustion and comes as the price tests support around $0.13. Analysts note that if this buy signal holds, it could spark a relief bounce, with initial interest likely emerging above $0.132. Historically, such signals often accompany price stabilization or reversals near key support zones.

A bullish pattern also emerged on the two‑hour chart. Trader Tardigrade points out an inverse head‑and‑shoulders formation that features a left shoulder near $0.128–$0.130, a deeper head around $0.120, and a higher right shoulder above $0.129. 

With Dogecoin price now holding above the neckline near $0.133, this pattern is considered complete, suggesting buyers are regaining control. If momentum continues, the chart projects a potential move toward the $0.138–$0.140 range. Traders watch $0.132 as a key support line; maintaining it would keep the short‑term outlook constructive.

Also Read: Dogecoin Whales Stay Quiet as DOGE Slips Below Key Support

Technical Levels and Trader Outlook

Technical indicators turned negative as the day progressed. Dogecoin now trades below its immediate moving averages, and momentum measures lean lower rather than showing bullish divergence. Attempts to rebound toward $0.132 have met selling pressure, keeping downward bias in place.

Immediate resistance lies in the $0.132–$0.134 area. On the downside, $0.129 is the first level that traders will watch. Observers suggest that reclaiming the $0.129–$0.135 zone on rising volume could help neutralize the bearish setup. Without such a move, continued elevated volume without upside follow‑through may lead to further weakness.

Despite the decline, Dogecoin remains near a major longer‑term support zone around $0.13, which has served as a springboard in past market cycles. Being in this zone suggests sellers are losing momentum and that the market could still stabilize. 

However, until price action reclaims the former range, traders remain cautious and favor a neutral-to-bearish stance in the short term.

Dogecoin is currently near a strong, longer-term support level at $0.13, which has served as a bottom for the market in several cycles. However, as the price recovers above the range, market participants are cautious and prefer a neutral to bearish market bias.