Dogecoin Stabilizes at $0.1828, Analyst Highlights Key Levels for Recovery

Dogecoin is attempting to stabilize after a sharp decline, with independent analyst Kevin highlighting a significant bounce from the weekly 200-EMA. Current price is near $0.1828, while the 200-week moving average is around $0.16.

Key Points:

The immediate pivot point for Dogecoin is $0.202 on a three-day closing basis.
Reclaiming $0.202 could lead to upward momentum if Bitcoin remains above $106,800.
The weekly 200 EMA supports Dogecoin’s bullish structure, having done so six times since last summer.
The primary trend is an upward-tilting channel with support and resistance validated by multiple touches.
Dogecoin's key horizontal levels in its trading range are $0.24, $0.26, $0.285, and $0.305.
If the bounce weakens, support levels are at $0.14, $0.09, and $0.05.
A reclaim of $0.202 is crucial for further upside, with resistance between $0.21–$0.24 and higher at $0.285 and $0.305.

Kevin emphasizes the importance of the $0.202 level for confirming a continuation of the uptrend. At press time, Dogecoin traded at $0.17678.

Dogecoin price analysis