NewsBTC

Jan 9, 2026

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Dogecoin Eyes Key Resistance After 21% Surge in Early 2026

Dogecoin (DOGE) is currently holding a crucial support area after a recent 3.2% decline. Analysts suggest DOGE might reclaim a key resistance level lost in Q4 2025.

Q1 Momentum

• DOGE surged 21% from its yearly opening price of $0.117, reaching an eight-week high of $0.156.
• Previously, DOGE retraced over 50% from Q2 2025 highs but showed a bullish reversal with Tweezer candlesticks on monthly charts.
• Recent breakout indicates strong upward momentum, breaching a falling wedge pattern and aiming for the $0.140-$0.150 range.
• A potential breakout to $0.20 is expected if DOGE closes above $0.142.

Potential Risks

• Analyst warns DOGE is in a critical support zone between $0.118 and recent highs; losing this could lead to a 40% retracement.
• The next major support is at $0.073, based on UTXO Realized Price Distribution metrics.
• Long-term bearish momentum may test the $0.08 level as DOGE recently broke out of a multi-year ascending channel.

As of now, Dogecoin trades at $0.142, marking a 14.55% weekly increase.