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Dogecoin is trading near $0.072 after another test of the $0.07 support area. Buyers defended that level on Friday, but the rebound has yet to clear the nearest resistance zone.
The next move may depend on whether DOGE can stay above $0.07. A breakdown could push the price toward $0.067 or $0.065. A clean move above the falling trendline, followed by a higher low, would support a recovery toward $0.08 and beyond.
Dogecoin recently moved above a descending trendline that had limited price gains since May. Trader Tardigrade linked the move to a double-bottom pattern near $0.07. The setup formed after DOGE touched the same support level twice and recovered on both occasions.
The structure differs from the price action seen near the May peak. At that stage, Dogecoin formed two highs before sellers took control. The current chart shows two lows near the same level, which may point to weaker selling pressure. Still, buyers need to protect the breakout area before the pattern gains stronger support.
Near-term resistance sits between $0.075 and $0.079. Dogecoin reached $0.0753 on July 14, but buyers failed to hold the move.
The price then fell for two sessions before bouncing from $0.07. A close above $0.079 could place $0.084 within reach. The larger test sits between $0.09 and $0.10.
The $0.07 level sits inside a broader demand zone stretching from $0.05 to $0.08. Dogecoin has traded around this area during earlier market bottoms, and buyers have returned near the same range during the latest decline.
Holding the zone does not confirm a full reversal. DOGE still needs higher weekly lows, stronger buying activity, and a break above $0.10. If that happens, traders may begin watching $0.15 and $0.20. Both levels acted as active trading areas during earlier rallies.
The downside case would become stronger if Dogecoin closes below $0.07 and fails to recover the level. Sellers could then test $0.067, followed by $0.065. A wider decline could pull the price deeper into the $0.05 to $0.08 band. Such a move would weaken the “early recovery” setup and extend the current range.
CoinGlass recorded no Dogecoin short liquidations during one 12-hour period. Short liquidations happen when rising prices force bearish traders to close leveraged positions. The zero reading shows that the rebound did not create enough pressure to trigger forced exits during that window.
Long traders faced losses at the same time. According to CoinGlass data, about $27,000 in long liquidations in the last 12 hours. Across a broader window, DOGE recorded roughly $153.82k in long liquidations and $28.38k in short liquidations.
The gap between the two sides was narrow, which matches Dogecoin’s limited daily price moves. DOGE traded about 0.96% higher near $0.072 at the time covered by the data. The absence of short liquidations may also show that bearish traders reduced risk after the earlier drop.
A wider sell-off in chip stocks also affected crypto markets after a brief rally tied to softer inflation data. Dogecoin gave back part of its advance as traders reduced exposure to risk assets. For now, $0.07 acts as the main support, while $0.075 to $0.079 forms the first recovery barrier.
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