Dogecoin is testing a key support zone near $0.081 as analysts watch for signs of a stronger move. Ali Martinez said the price sits near the lower mid-range boundary of a five-year parallel channel that has held since 2021. Kamran Asghar also sees a rounded-bottom structure on the weekly chart, while RSI shows higher lows.
Martinez said DOGE is pressing against the $0.081 level. He described it as part of a broad channel that has shaped Dogecoin’s price action through several market cycles.
The chart setup matters as Dogecoin has spent years moving inside similar structures before major rallies. If the price stays above support, the bullish case strengthens.
At the same time, a break below $0.081 would weaken that case. It could also invite more downside pressure and delay any recovery attempt.
Asghar said Dogecoin is forming a rounded bottom on the weekly chart. He also pointed to RSI, which continues to print higher lows even while the price remains weak. DOGE trades near $0.083 and still sits below its 200-week EMA near $0.144. A move back above that average would improve the technical picture.
For now, the pattern remains unconfirmed. The price still needs a clear breakout from the rounded-bottom range before traders can treat the setup as stronger.
Dogecoin has fallen 31% since May, sliding from $0.113 to a low of $0.078. It now trades in the $0.083 to $0.085 range after a modest bounce. The TD Sequential indicator has flipped to a buy signal. Martinez said that setup could mean a rebound is near after the sharp correction.
Whales also bought more than 200 million DOGE in the past week, according to Ali Charts. MikybullCrypto called the area a good level for accumulation, while futures data showed rising activity.
CoinGlass reported DOGE futures volume up 8.76% to $1.47 billion. Open interest also rose 2.52% to $1.03 billion, which points to growing trader interest. Spot netflows stayed quiet at about $53,940, far below the larger spikes seen during the earlier sell-off. Team LAMBO said DOGE recently tested a key monthly order block and swept liquidity below recent levels before bouncing.
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The critical level now stands at $0.096. A clean daily close above that mark would be the first sign the bearish trend is easing. If DOGE reclaims $0.100, the next targets move toward $0.110, $0.12, and possibly $0.15.
Dogecoin last traded at $0.08468, with a market cap of $14.42 billion and a 24-hour volume of $613 million.
Dogecoin is testing a crucial support zone near $0.081 as traders watch for signs of strength. The rounded-bottom setup, rising RSI lows, whale buying, and fresh TD Sequential buy signal all point to recovery potential. Still, DOGE must hold support and reclaim higher levels to confirm a real breakout.