NewsBTC
Jan 23, 2026
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DOGE Sees Potential Recovery as Accumulation Grows and Payment App Launches

Dogecoin (DOGE) is trading near $0.12, a key level after recent volatility. The coin has dropped over 20% from highs of $0.15.

  • DOGE is consolidating between $0.12 and $0.13 with high daily trading volumes.
  • On-chain data shows accumulation in the $0.12–$0.127 range, indicating potential buyer interest.
  • Technical indicators are mixed, with DOGE slightly above its 50-day moving average and neutral RSI levels.
  • A break above $0.13 could lead to a move toward $0.14; falling below $0.12 might target $0.115 or lower.

Dogecoin Trading Chart

Market Sentiment and Broader Factors

  • The Crypto Fear & Greed Index reflects cautious market sentiment.
  • Bitcoin's dominance affects capital flow into altcoins like DOGE.
  • Regulatory developments in the U.S. and Europe could impact risk appetite for cryptocurrencies.

Developments in Dogecoin Utility

  • The House of Doge plans to launch a payment app called "Such" in early 2026, aimed at supporting wallets, DOGE purchases, and direct payments.
  • This initiative highlights efforts to enhance Dogecoin's utility beyond trading.

Currently, Dogecoin's performance is influenced by market sentiment, technical factors, and broader trends.