Dogecoin Price: Support Holds, but the Death Cross Still Dominates
Dogecoin slipped 2.3% on Monday, trading around $0.1483 after two days of recovery from a long-standing support zone last touched in June. The steady decline from September’s highs pushed DOGE back into my key support band between $0.14 and $0.15—a zone tested repeatedly in March, April, June, and again in October.
Although Dogecoin briefly looked ready to break out of this range, including during last Friday’s move, the price ultimately found support just beneath it, rebounded, and returned to the same consolidation zone. This confirms that the broader sideways structure in place since February is still intact. The upper boundary of this long-term range sits near $0.29–$0.30, which traditional swing trading would suggest is the next target.
However, the technical picture remains unfavorable for bulls. DOGE is still trending downward, indicated clearly by its position below the 200-day moving average and reinforced by the death cross formation that appeared in late October.
For me to gain confidence in a more meaningful Dogecoin rally, the price would need to climb back above $0.20 and break through the blue moving average. Only then would I consider bullish positions targeting the $0.30 area last reached in September.
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Dogecoin Price: Support Holds, but the Death Cross Still Dominates
Dogecoin slipped 2.3% on Monday, trading around $0.1483 after two days of recovery from a long-standing support zone last touched in June. The steady decline from September’s highs pushed DOGE back into my key support band between $0.14 and $0.15—a zone tested repeatedly in March, April, June, and again in October.
Although Dogecoin briefly looked ready to break out of this range, including during last Friday’s move, the price ultimately found support just beneath it, rebounded, and returned to the same consolidation zone. This confirms that the broader sideways structure in place since February is still intact. The upper boundary of this long-term range sits near $0.29–$0.30, which traditional swing trading would suggest is the next target.
However, the technical picture remains unfavorable for bulls. DOGE is still trending downward, indicated clearly by its position below the 200-day moving average and reinforced by the death cross formation that appeared in late October.
For me to gain confidence in a more meaningful Dogecoin rally, the price would need to climb back above $0.20 and break through the blue moving average. Only then would I consider bullish positions targeting the $0.30 area last reached in September.