The DOGE coin has experienced a gradual decline from levels of 0.206 to 0.163, amid weak market momentum and a lack of strong catalysts. However, currently, signs of stability and consolidation are appearing at clear support levels. The price is now at 0.17035, which is very close to the overall average price (AVL) of 0.17003, enhancing the chances of a rebound.
Technically, the situation is changing:
RSI is around 50, indicating a neutral zone, neither oversold nor overbought. This is ideal for the beginning of a new trend.
MACD is approaching a bullish crossover, which is something to watch closely, as it often signals a positive reversal.
The level 0.163 formed a potential double bottom, which is a positive technical signal if respected.
The price is currently consolidating above the short-term moving average (MA 5).
---
Proposed plan:
✅ Gradual entry of 30%-40% now, with the remainder distributed in case of a retest of support at 0.164.
⛔️ Suggested stop loss below 0.161, as breaking this level may open the door to a drop to the 0.150 areas.
🎯 First target: 0.18061 (short resistance).
🎯 Second target: 0.190 – then 0.199 as a medium-term target.
---
Why is this an opportunity?
Most traders now are either waiting for strong signals or have sold out of fear, while the recent candles on DOGE show quiet attempts at a rebound. Markets provide real opportunities when news is negative and sentiment is weak. If you can buy here patiently, you are ahead of the market.
Do not wait for late confirmations from the media, as the market shows its intentions on the chart first. All we see here is the beginning of a potential technical bottom.
