$1.40 Rally or Back to $0.05?

Dogecoin price slipped back toward the $0.10 area after a weekly rebound failed under resistance on Binance. Meanwhile, a separate weekly PMO signal has returned to levels that preceded past DOGE rallies, according to one analyst.

Dogecoin slips after “failed run,” but $1.40 target stays on the table

Dogecoin’s weekly chart on Binance showed price rolling over again after a rebound stalled under a long running resistance zone, keeping the broader structure bearish.

In a Feb. 2 post on X, market commentator Cryptollica said DOGE saw a failed run but still targets $1.40. The TradingView snapshot marked repeated rejections near the channel midline, with several pullbacks after price tagged the same overhead area. At the time of the chart capture, DOGE traded near $0.104 on the weekly timeframe, with price dipping under $0.10 before recovering slightly.

Dogecoin/TetherUS 1W Chart. Source: Cryptollica via X

The chart also shows DOGE breaking out of a long descending trendline that started from the 2021 peak near $0.75, then forming a base around $0.04–$0.05 in 2022–2023. That base fed a rally into 2024 and a later spike toward about $0.49, but sellers defended that zone and price rotated back down into the lower half of the channel.

Momentum stayed weak. RSI on the chart sat around the low 30s, which often appears during extended selloffs. That setup can support a bounce, but it does not confirm a reversal without price reclaiming key levels. For a bullish path toward the $1.40 target, DOGE would need to hold the lower channel support around the $0.10 area, then reclaim the midline and push through prior supply zones near $0.26 and $0.40–$0.49. If the $0.10 area fails, the chart points to earlier weekly basing zones as the next downside magnets, including roughly $0.065 and the prior $0.05–$0.045 region.

Dogecoin chart flags PMO reset that preceded past weekly rallies, analyst asks if history repeats

Meanwhile, a weekly TradingView chart shared by Trader Tardigrade showed Dogecoin slipping into a zone where its Price Momentum Oscillator, or PMO, previously hit lows before major advances.

Dogecoin weekly PMO chart. Source: Trader Tardigrade via X

In a post on X, the analyst said Dogecoin surged about 21,000% from 2015 to 2018 and about 800% from 2022 to 2024 after the PMO dropped to similar levels. The chart highlighted those prior PMO troughs with circles along a baseline, then marked the following price runs.

The latest reading again places the PMO near that lower band, with Dogecoin trading below its recent highs after a pullback from the 2024–2025 range. The setup frames the indicator as the main signal, while price remains in a declining phase on the right side of the chart.

If the pattern holds, the comparison suggests Dogecoin could attempt another multi month recovery from current levels, first stabilizing and then pushing back toward prior resistance zones. If momentum keeps weakening instead, the same chart implies the PMO can stay depressed while price continues to drift lower before any durable turn appears.