Dogecoin (DOGE) is currently navigating a period of intense selling pressure as the broader meme coin market undergoes a significant correction. After failing to maintain the psychological $0.10 level earlier this month, the asset has entered a clear bearish descent, searching for a stable floor.
Technical Breakdown
The daily chart for DOGE paints a challenging picture for bulls. The price is currently trading well below all major Exponential Moving Averages (EMAs), confirming a strong downtrend across all timeframes.
- EMA 20 (Red): This short-term momentum line is currently at $0.105, acting as the first major hurdle for any relief rally.
- EMA 50 & 100 (Yellow/Black): These medium-term indicators are positioned at $0.120 and $0.138, respectively, creating a “death zone” of resistance that has capped upside moves since late 2025.
- EMA 200 (Blue): The “Bull/Bear” line sits far above at $0.162, indicating that the long-term trend remains firmly in bearish territory.
The Bullish Path
For Dogecoin to reclaim its bullish momentum, it must first stabilize and form a “higher low” on the daily chart. The primary objective for buyers is to break and close above the $0.105 (EMA 20) level.
If successful, the next major resistance targets are the red dashed zones at $0.123 (32.73% gain from current levels) and $0.153 (64.63%). A break above the EMA 200 would be required to shift the structural narrative from “sell the bounce” to “buy the dip.”
The Bearish Path
The bears are firmly in control as long as DOGE remains pinned below $0.10. Current price action is testing the local support at $0.091. If this level fails to hold on a daily closing basis, the “trapdoor” could open toward the $0.080 psychological support zone.
The downward slope of the EMA 20 suggests that selling pressure is accelerating, and the lack of immediate green support boxes on the current daily scale suggests that the path of least resistance remains to the downside.
Weekly Verdict
Dogecoin remains in a firm bearish trend, with a high probability of further consolidation or a drop toward $0.080 unless it can reclaim the $0.105 resistance level.
