Dogecoin is trading near $0.12 on the daily chart, sitting close to the lower boundary of a multi-month falling wedge that has guided price action since October.
The chart shows DOGE printing lower highs and lower lows, with price repeatedly rejected along the upper trendline.
At the time of writing, DOGE is around $0.1208, down sharply from the $0.30 area marked as the prior major high. The 200-day EMA is near $0.173, well above spot price, which confirms that DOGE remains in a broader bearish trend.
DOGE Price Analysis: Exhaustion Is Building
The daily RSI sits near 36.7, just above oversold territory. Historically, DOGE has seen reactive bounces when RSI holds this zone. Meanwhile, MACD remains negative, with histogram bars below the zero line.
Also, volume has declined steadily which confirms that sellers are losing urgency, but buyers have not yet stepped in with conviction.
The bullish scenario depends on DOGE holding above the $0.10-$0.12 support zone and breaking out of the wedge. A successful reclaim of the $0.17-$0.18 region (the 200-day EMA would mark the first trend shift since late 2025.
Source: TradingView
If that occurs, the chart shows a possible reclaim of $0.20 as the first upside target. This level previously acted as consolidation support and now stands as resistance. Above $0.20, the next major liquidity zone sits near $0.30.
On the other hand, key support is near $0.095, the recent swing low and the lower bound of the wedge. A clean break below this level would postpone the short-term bounce scenario and reopen correction risk.
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