Key Insights:
- Dogecoin’s $0.18 level remains crucial—breaking it could end the current bullish setup.
- A close above $0.25 may trigger a strong push toward the $0.33 resistance area.
- RSI and MACD show early signs of recovery, but momentum confirmation is still lacking.
Dogecoin (DOGE) was currently trading near $0.198, showing a modest rise after recent price pressure. The $0.18 level has served as a base for most of the year and continues to be an area of interest for both buyers and sellers. Price has respected this level multiple times, keeping DOGE within an upward channel.
If this support fails, the broader trend may begin to weaken. A close below $0.18 could shift price action toward a new lower range. Traders are watching this level closely as it continues to define the short-term structure.
Upside Levels at $0.25 and $0.33
As long as DOGE holds above $0.18, chart data points to a possible move toward $0.25. This level is located near the center of the current channel and has rejected upward moves in past sessions. A breakout from there could set the stage for a run to $0.33, which matches the upper end of the same channel.
one technical analyst said.
“If the price fails to push through $0.25, it may stall and move sideways,”
The strength of any breakout will likely depend on market volume and sentiment during upcoming sessions.
RSI and MACD Show Cautious Progress
Current readings from the Relative Strength Index (RSI) sit around 43. This value is still below the midpoint of 50, meaning the market remains in a neutral-to-weak zone. However, RSI has started to rise, which suggests slow improvement in momentum.
The MACD, another popular trend-following tool, shows a mild crossover. The MACD line has moved just above the signal line, and the histogram is slightly in positive territory. The move is early and not far from the zero line, which signals that trend strength is still limited for now.
Cycle Pattern Draws Attention
Some analysts are comparing the current chart structure to previous market cycles. According to TATrader_Alan, DOGE’s current price action looks similar to its behavior in what he describes as “cycle 1.” At that time, price moved sideways before a strong rise followed.
This comparison has drawn interest, though it depends on DOGE maintaining its base near $0.18. Any break below could break that pattern. Traders following the cycle view are using past moves as reference points, but are still looking for stronger signals before making decisions.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/analysis/dogecoin-eyes-0-25-only-if-0-18-holds/