- DOGE holds above $0.16 with RSI rising, hinting at a potential reversal zone.
- MACD crossover and higher low structure signal renewed short-term strength.
- Resistance at $0.2429 may be tested if the price maintains support and momentum.
Dogecoin is holding above a critical support level at $0.16 while momentum indicators begin to show signs of recovery. The structure suggests a potential short-term reversal as technical patterns align at a historically significant price floor.
Technical Setup and Divergence Outlook
DOGE price has formed a higher low at $0.1499, with upward signals visible in the RSI and MACD indicators. This structural setup resembles previous accumulation phases that preceded strong directional moves. Continued consolidation at support may fuel further upside momentum if sustained.
According to market analyst Crypto Feras, DOGE is forming a bullish divergence on the daily timespan while maintaining its position above $0.16. He remarked that this divergence, visible between rising RSI lows and declining price, often precedes price recoveries under normal market conditions. His findings revealed that this setup increases the likelihood of a local reversal if momentum continues building.
Source: Crypto Feras
Tracking market behavior, Crypto Feras noted that a sustained hold above $0.16 is essential to validate this reversal scenario. He pointed out a critical shift in price structure, with the recent higher low establishing a bullish base. In his assessment, upside targets remain at $0.22 and $0.32, which align with prior resistance zones that triggered sell pressure in earlier rallies.
Analyzing liquidity shifts, he emphasized the importance of continued upward pressure to break above near-term resistance at $0.2429. He stated that historical price behavior around these zones often led to extended moves, reinforcing the need for volume support. He concluded that RSI and MACD momentum align with bullish accumulation, but confirmation hinges on follow-through above resistance levels.
Market Behavior and Price Levels
In a technical analysis on TradingView, DOGE trades at $0.16063, with volume reaching 703.11 million during the latest session. Price is consolidating above the $0.15–$0.16 support band, a zone tested multiple times since 2021. Market cap remains stable, reflecting consistent liquidity depth near support levels.
Source: TradingView
Examining trading volume fluctuations, recent data shows declining volume during pullbacks, contrasting with higher activity during previous breakouts. The RSI now sits at 45.59, trending upward from recent oversold conditions. MACD indicators show a bullish crossover, with momentum shifting toward positive territory and the histogram bars increasing.
Analyzing liquidity shifts, key resistance levels remain at $0.2429 and $0.3270, with prior price reactions marking these zones as active selling points. Price remains below a descending trendline, confirming long-term pressure. However, the recent higher low and divergence structure point to a developing momentum shift.
