$0.09 Support Holds Amid Cycle 4 Setup

Dogecoin is trading at $0.09220 after a steady intraday decline. The price has dropped about 3.64% from the $0.09646 session high. Sellers maintained pressure, forming consistent lower highs and lower lows. A sharp dip during early trading accelerated the bearish momentum.Price action later stabilized but remained below key resistance levels. 

Volume appears moderate, signaling limited aggressive accumulation. Immediate support sits near the $0.0910 area. A breakdown below this level could trigger further downside. Bulls must reclaim $0.0930 to shift short-term momentum. Overall sentiment remains cautious as volatility stays elevated.

Dogecoin Price Signals Potential Macro Cycle 4 Reversal

The weekly DOGE/USD chart shows four major cycle bottoms since 2014. Cryptollica identifies the current structure as cycle 4 forming now. Dogecoin price trades around $0.09 after months of consolidation. Previous cycle bottoms formed near strong horizontal support levels. 

Cycle 1 developed below $0.001 before a sharp breakout. Cycle 2 formed near $0.002. Cycle 3 appeared around $0.05 before another strong rally. Price now retests the $0.08 to $0.10 support zone. Each prior bottom triggered explosive upside expansion.

The weekly RSI supports this repeating macro structure. Past cycle lows formed when RSI dropped into oversold conditions. The current RSI sits near 39, signaling fading bearish momentum. Earlier reversals started from similar RSI levels. Price compression historically preceded vertical breakouts. Cryptollica suggests this setup could mark another macro reversal. If the pattern holds, Dogecoin price may be prepared for a major rally.

DOGE Holds $0.09169 as Bearish Pressure Persists

Dogecoin is trading at $0.09169, reflecting a sustained downtrend over recent months. Price action shows consistent lower highs and lower lows since the late-year peak. Sellers have maintained control, pushing the market gradually downward. Recent candles show weak recovery attempts, but momentum remains limited near current levels.

The relative strength index (RSI) stands at 36.83, indicating weak bullish momentum and near-oversold conditions. This suggests buyers lack strong conviction. The CMF reads -0.07, showing capital outflows and persistent selling pressure. Negative money flow confirms that bears still dominate despite minor short-term rebounds.

Source: https://coinpaper.com/14876/dogecoin-price-analysis-0-09-support-holds-amid-cycle-4-setup