DOGE Bulls Defend $0.18, Is $0.09 Next?

Key Insights:

• DOGE trades near $0.18, a key level bulls must protect to avoid deeper losses.
• A break below $0.18 could send Dogecoin back to its October low around $0.09.
• The long-term trendline remains intact, but selling pressure continues to test market structure strength.

Dogecoin (DOGE) was trading near $0.1844 as of today, following a 3% drop in the last 24 hours and a 23% decline over the past week. The current level between $0.18 and $0.19 has been a critical support zone over recent months. Traders are watching this area closely as price action continues to hover just above it.

Earlier in October, DOGE touched a low of $0.09584 during a sharp selloff. Since then, it has recovered but has not been able to reclaim higher levels. Attempts to move above $0.22 and $0.25 were met with resistance, keeping the price below key short-term zones.

Downtrend Remains Intact

Market structure shows that DOGE continues to make lower highs, a pattern that has formed since the last peak. Despite several bounce attempts, buyers have not been able to maintain momentum. The broader trend remains tilted to the downside, with weak recovery efforts and continued pressure on support.

The current support around $0.18 is under strain. A break below could reopen the path toward the $0.09 zone, last seen during the October drop. “If this zone holds we could see a short-term pullback bounce but a break below may open doors toward $0.095 again,” Bitguru posted earlier today.

Weekly Chart Shows Key Test Ahead

On the 2-week chart, DOGE was nearing a rising trendline that has supported the price since early 2024. That trendline has been tested multiple times and held. It remains a key level for the current cycle. DOGE is now back at that zone, and traders are focused on whether it can hold once again.

If the trendline support is respected, there’s room for a move back toward the $0.27 to $0.30 range. That area served as resistance during previous attempts to move higher and may come back into play if bulls regain control. A breakdown, however, could shift the focus back to the $0.12 or even $0.095 level.

Longer-Term View Remains Divided

Some traders are looking beyond the short-term pressure. Chart analyst Javon Marks shared that DOGE could be forming a pattern similar to the 2014–2017 cycle. “A 251% increase, at minimum, is in sight,” he wrote. The idea is based on a large compression pattern forming over time, with a rounded base structure.

Whether this plays out depends on DOGE maintaining current levels and eventually breaking past long-term resistance. For now, the $0.18 support zone is key. If bulls lose this level, a revisit of $0.09 may not be far off.