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Dogecoin Price Faces Key Support Tests Amid Market Volatility

Dogecoin is testing crucial support levels as analysts assess potential short-term price movements.

Dogecoin is currently navigating through significant support levels as broad market fluctuations impact its price. At this moment, DOGE is trading at $0.09227, following a period of increased selling pressure. Analysts are closely monitoring this situation, as a drop below $0.09 could lead to further declines towards $0.08 or even $0.054.

Despite the bearish sentiment dominating the short-term charts, certain analysts maintain a bullish outlook on the long-term potential of Dogecoin. This contrasting view highlights a growing tension between immediate downside risks and a potentially favorable macro setup, which has historically resulted in substantial price rallies.

Currently, Dogecoin is under pressure after retreating from its recent highs in 2025, influenced largely by the overall downturn in the cryptocurrency market driven by Bitcoin and Ethereum. In recent weeks, DOGE has struggled to maintain support levels around $0.15, with multiple failed attempts to regain this territory, solidifying a bearish trend on shorter timeframes.

Technical analysts have pointed out that Dogecoin remains below its key moving averages on both daily and four-hour charts, which favors sellers in the current market landscape. Some traders caution that without a recovery into the $0.10-$0.11 range, further tests of lower support levels may be imminent. Notably, analyst Ali Charts has identified $0.054 as a critical long-term support area, potentially signaling a bounce point if macroeconomic conditions deteriorate further.

Interestingly, despite the downward pressure, selling momentum appears to be waning in the current price range. There has not been a sustained capitulation in DOGE, indicating that aggressive selling may be slowing down.

On a more macro-focused note, some analysts are optimistic about Dogecoin”s long-term structure. Trader Tardigrade has highlighted that the monthly chart shows a solid foundational base for DOGE, which has historically preceded significant price increases. This perspective emphasizes the importance of accumulation phases that have occurred throughout Dogecoin”s history, notably from 2015 to 2016, 2019 to 2020, and post-bear market in 2022. Each of these periods concluded with sharp upward movements once liquidity and risk appetite returned to the market.

While the current monthly structure indicates that Dogecoin is maintaining a position above a rising long-term trend line and forming higher lows, the broader market is still facing substantial pullbacks. Analysts interpret this behavior as a sign of long-term holders absorbing supply rather than exiting their positions.

However, not all analysts share the same sentiment regarding a near-term recovery. More Crypto Online has expressed skepticism about the likelihood of a bullish scenario unless Dogecoin decisively reclaims former resistance levels. They have indicated that $0.08, $0.058, and $0.047 are critical levels to observe for potential further downside if selling resumes.

Conversely, other analysts, including Prof Satoshi Nakamoto, suggest that the current price levels may present an attractive long-term buying opportunity. They argue that it is unlikely for prices to break below the macro trend line for an extended period. This view is supported by long/short ratio data, which indicates a stabilization in leverage positions following weeks of downward pressure.

The divergence in analyst perspectives reflects uncertainty regarding timing, yet there seems to be a consensus on the direction. Short-term traders are primarily focused on momentum and liquidity aspects, while macro analysts are more concerned with structural and historical patterns.

Looking ahead, the trajectory of Dogecoin”s price is closely linked to general market sentiment. The ability of Bitcoin to stabilize could significantly influence DOGE”s next major move. Ongoing macroeconomic uncertainty, coupled with rising interest rates and risk-off behavior, may postpone any significant breakout. Nonetheless, as long as Dogecoin manages to hold its macro base above $0.054, analysts believe that long-term damage remains limited. A recovery above $0.10 would serve as the first indicator of a positive momentum shift, while a breakout above $0.15 could confirm a larger trend reversal.

Moses K is a seasoned crypto journalist specializing in market analysis, regulation, and blockchain trends. He has contributed to various platforms, including The Coin Republic and Coinchapter, focusing on price analysis and on-chain metrics shaping the digital asset landscape.

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