Jan 2, 2026
6 0
Dogecoin Holds Key Supports Amid Potential Bottom Formation
Dogecoin is currently situated at key support levels, with analysts debating whether this indicates a start of a recovery or continuation of a downtrend.
Yearly Chart Analysis
- 2025 closed with Dogecoin holding the 0.786 Fibonacci support at $0.10879.
- A potential bullish continuation if the 0.786 level sustains, aiming towards the next significant level at $0.73905.
Monthly Chart Insights
- Focus on the 0.382 Fibonacci retracement at $0.11778, seen as crucial for forming a higher low.
- The range of $0.11–$0.12 is considered key for risk/reward strategy.
- If broken, lower targets include $0.08433; resistance levels are at $0.15428 and $0.20210.
Weekly Chart Observations
- Potential weekly reversal demand candle observed within a significant demand zone.
- Validation depends on the weekly close and reclaiming moving averages.
- Confirmation could indicate a shift from correction to base-building phase.
Dogecoin's current price is $0.13242, maintaining focus on the critical $0.11–$0.12 area for market direction clarity.
