Key Insights
- •DOGE is maintaining its position above the $0.138 support level, which is crucial for bullish sentiment despite a prevailing downtrend since mid-2025.
- •A bull flag formation observed on the 3-day chart suggests a potential upward movement towards $0.195, contingent on a confirmed breakout above the channel.
- •The immediate short-term resistance at $0.154 is identified as the critical level that needs to be overcome to trigger further upward momentum.
Dogecoin (DOGE) is currently trading above a significant support level on the weekly chart. The 0.382 Fibonacci retracement level, calculated on a log scale and positioned around $0.138, continues to act as a floor for the cryptocurrency. In the past week, DOGE closed at $0.14225, marking a gain of 3.2%.
This support zone has been tested on multiple occasions without a decisive breakdown. Each instance of the price nearing $0.138 has seen buyers step in, preventing further declines. This recurring buyer interest indicates that this area is a key zone of interest for market participants.
Trend Dynamics and Potential Downside
Despite holding its ground at critical support, DOGE remains under pressure within the broader market trend. The cryptocurrency has established a pattern of lower highs since the middle of 2025, indicating that buyers have not yet been able to push the price past previous resistance levels.
A break below the $0.138 support could lead to further declines, with the next area of potential support located around $0.093. This level aligns with the 0.236 Fibonacci retracement. To shift the market momentum back in favor of the bulls, DOGE needs to break above the $0.16 resistance level and maintain that position. Until such a breakout occurs, the overall market structure remains uncertain.
Bull Flag Formation Signals Potential Upside to $0.195
Analysis from trader Tardigrade highlights a bull flag formation on the 3-day timeframe. This pattern typically follows a strong upward price movement and is characterized by a consolidation phase within a downward-sloping channel. Such formations are often interpreted as precursors to a potential breakout.
The next target price indicated by this pattern is $0.195. DOGE is currently consolidating just below the $0.145 mark. As noted by the trader, "Price needs to break the flag to validate the target." Until this breakout is confirmed, the projected target remains speculative.
Short-Term Outlook Focused on $0.154 Resistance
Crypto Tony has provided a short-term perspective using the 4-hour chart, emphasizing the importance of the $0.154 resistance level for further upward movement. The price has recently experienced a bounce off the $0.144 support, indicating some near-term strength.
According to Crypto Tony, "A reclaim over 0.154c is what I need to see on DOGE for the next big leg up." The chart suggests that clearing this level could lead to a significant price increase. However, until this resistance is breached, the price may continue to trade within its current range.
