Dogecoin (DOGE) is consolidating near a critical support level of $0.1001 following a sharp decline, with technical analysis pointing to a potential short-term inflection point. The price is currently trading around $0.1036, having experienced a modest 0.61% gain in the last 24 hours but remains down 31.68% over the past month. DOGE's market capitalization stands at $17.19 billion with a 24-hour trading volume of $1.86 billion.
A key technical development is the formation of a bullish divergence on the 4-hour chart. While the price has been making lower lows, the Relative Strength Index (RSI) has been forming higher lows, indicating that selling momentum is waning even as the price remains depressed. This divergence is occurring as DOGE trades within a clearly defined range, bounded by support at $0.1001 and resistance at $0.1065.
Analysts note that the price is holding firm in a structural demand zone between $0.105 and $0.110, following a recent liquidity sweep that may have absorbed significant sell-side pressure. Analyst BitGuru suggests that as long as DOGE defends the $0.105 level, it could build strength for a recovery. The first major upside target is seen near $0.135, with a clean break above potentially opening a path toward the $0.150 resistance level, which would signal a shift from consolidation to a renewed bullish phase.
However, the broader trend remains bearish on the daily timeframe, with the price consistently printing lower highs and lower lows. The daily RSI is below 40, having recently dipped into oversold territory, reflecting ongoing bearish momentum and limited buying strength. The Chaikin Money Flow (CMF) indicator remains slightly negative, suggesting capital is still flowing out of DOGE, though the flattening reading hints that selling pressure may be easing.
