DOGE trades just above key support in a multi-year rising channel, with a bullish structure intact if $0.062 holds.
Daily charts show DOGE stuck near the lower Bollinger Band, with weak volume and fading momentum below $0.187.
A reclaim of $0.213–$0.235 could ignite recovery, but downside risk looms if price fails to attract liquidity near $0.165.
Dogecoin (DOGE) is holding near a critical support zone, stirring mixed signals from opposing technical perspectives. One expert tracks a long-term bullish channel, while another highlights near-term weakness and reduced momentum.
Structural Channel Reveals Long-Term Bullish Path
https://twitter.com/CryptoBull009/status/1928810101491552738
As we can see from the post above, one bullish analyst, Marcus Corvinus, has provided insights into DOGE’s broader structure. This weekly chart tracks price movement within a rising channel extending from mid-2022 through 2026. Price now consolidates around $0.062, just below the midpoint, after a corrective retrace.
A breakout from a descending triangle in early 2023 marked the start of higher highs and higher lows. This movement supports a structural shift toward bullish recovery as DOGE holds above its ascending trendline. According to the expert, the $0.060–$0.070 zone aligns with the 21-week EMA, reinforcing its strength as dynamic support.
The projection shows a potential upside path targeting $1.30, positioned at the upper trendline of the channel. The dotted arrow traces this possible trajectory, following prior wave behavior and cyclical momentum phases. Each bullish swing reflects consistent market symmetry across the multi-year structure.
Bollinger Compression Flags Weak Buyer Momentum
Looking at it from another angle reveals a bearish setup on the daily timeframe, examined by technical analyst Satori. His chart tracks DOGE’s decline from the $0.510 peak in December 2024 to the recent $0.165 low. The price action now rests at the lower Bollinger Band, signaling oversold conditions without signs of a real bounce.
Source: Post on X
The horizontal support zone between $0.150 and $0.165 has acted as a recurring demand region since January. Despite multiple touches, volume remains unconvincing and buyer strength continues to wane. Candle patterns remain indecisive, reflecting uncertainty and exhaustion from previous failed rallies above $0.240.
Moreover, there’s the aspect of repeated upper wick rejections around resistance, confirming seller control during attempted breakouts. The Bollinger Band squeeze, now visible again, foreshadows a decisive move in the sessions ahead. Without volume confirmation, the risk of a breakdown into new lows increases sharply.
Final Outlook: Analysts Track Key Liquidity Triggers
It’s crucial to acknowledge that both experts center their analysis around key support behavior. The ascending channel holds long-term bullish implications if DOGE maintains its base near $0.062. Meanwhile, short-term structure leans bearish unless buyer volume reappears above $0.187.
Analysts watching liquidity signals target a reclaim of $0.213–$0.235 to fill the imbalance zone. If DOGE breaks lower, traders may shift focus to untouched fair value gaps near $0.2597. For now, price hovers between critical levels, and what happens next depends on volume, volatility, and conviction.
