Analyst says Dogecoin holds $0.09 support, targets $0.10 then $0.116
Dogecoin holds $0.088–0.09 support inside a descending channel. Technician Johnathan Carter maps rebound levels up to $0.206.
Market tech Johnathan Carter shared a daily chart on X that frames Dogecoin in a months-long descending channel with lower highs and lows. His post anchors the setup and target zones on X and in prior analyses on Bitcoinist.
Price sits near the channel midline. This area often marks a pause before direction, per recent pattern reads on NewsBTC.
The 50-day moving average runs through the structure and caps rallies as dynamic resistance on NewsBTC.
Support aligns with the channel base at $0.088–$0.09. Recent candles cluster here, showing consolidation after the drop on NewsBTC.
Carter places the asset in an accumulation stage while it holds that floor within the channel on NewsBTC.
If a rebound starts, his map flags these checkpoints:
- $0.100 as the first psychological and structural hurdle on NewsBTC
- $0.116 and $0.135 as prior reaction zones from the downtrend on Bitcoinist
- $0.153 and $0.182 in the upper half of the channel, implying strengthening momentum if reached on NewsBTC
- $0.206 near the channel top, marked as broader resistance on Bitcoinist
A climb from the base toward these levels would signal rotation toward the channel’s upper band. Analysts note selling pressure could ease as buyers step in during such a move on Bitcoinist.
