Here’s Where Dogecoin (DOGE) Price Could Go this New Week

The DOGE price is opening the new week in a fragile recovery after a rough few sessions pushed the coin below the key $0.10 support level. Dogecoin briefly touched $0.0997 before buyers stepped in, but not before the move wiped out around $16.4 million in long positions across the futures market.

That drop created a wave of panic selling, especially among leveraged traders. Even so, the market didn’t completely fall apart afterward. The DOGE price bounced back toward the $0.103 area, and traders are now watching closely to see if this zone can hold through the next few days.

The DOGE Price Is Stuck Between Support and Resistance

We had a look at the DOGE chart, and the market still looks more corrective than outright bearish right now. One level stands out immediately: the SMA 100 near $0.108.

DOGE price is trading underneath that level, which keeps short-term pressure tilted slightly toward sellers. Every recovery attempt near that zone has struggled so far, making it the most important resistance heading into the week.

Source: TradingView

At the same time, the support area between $0.100 and $0.102 has become the key defensive zone for bulls. Buyers already reacted there once after the liquidation-driven selloff, so another test could decide whether this recovery continues or breaks down further.

If the DOGE price climbs back above $0.108 with stronger volume behind it, traders will likely start targeting $0.112 first and then the previous highs near $0.118–$0.120. If sellers push the market back under $0.100, the next support region comes in around $0.095–$0.098. 

The technical indicators are not fully bearish yet either. RSI is sitting around 46.56, which places the market in neutral territory after previously flashing bearish divergence near the recent top. Volume also gives some context. Trading activity exploded during the move toward $0.12, but the latest decline came with noticeably lighter volume on the sell side. 

Read Also: DOGE Price Prediction: Traders Think Dogecoin Could Be Entering Another Accumulation Phase

Bigger DOGE Narratives Are Still in Play

Outside the chart, Dogecoin still has several major narratives keeping traders interested. One of the most popular topics of discussion among the DOGE community is the proposed cut in DOGE block rewards from 10,000 to 1,000 DOGE. 

Once implemented through a hard fork by the DOGE community, the annual issuance of DOGE will decline from 5 billion to about 500 million. That would completely change Dogecoin’s inflation profile and potentially make the asset more attractive to long-term holders. Nothing is finalized yet.

Institutional access is another factor supporting sentiment. There are ongoing talks regarding Dogecoin ETFs in the US, while products such as the 21Shares Dogecoin ETP have been actively trading in Europe.

Dogecoin is undoubtedly one of the most sentiment-based cryptocurrencies in the crypto market space, where whales’ actions still significantly impact the price movement. Whale activity on DOGE has continued to buy more coins following the recent drop below $0.10.

That kind of accumulation often creates stronger support zones because large buyers remove liquidity from the market during periods of fear. The risk, of course, is that meme-driven assets can move very quickly in both directions. If broader crypto sentiment weakens again, volatility can return fast.

So Where Could the DOGE Price Go Next?

At the moment, the DOGE price is ranging tightly, hovering within the support of $0.100 and resistance at $0.108.

If the bulls manage to take control of the SMA 100 and remain above it, then it can be expected that there would be a quick reversal towards $0.112 and $0.118 once again. In the event of losing $0.100, the corrective phase will likely move towards the middle part of $0.09.

At this stage, the structure still looks more like a healthy reset after a strong rally than the beginning of a larger collapse. The next few sessions should make it much clearer which side takes control.

FAQs

Can Dogecoin ETFs impact the DOGE price

Yes. A U.S. spot Dogecoin ETF could increase institutional access to DOGE and potentially bring new inflows into the market, similar to what happened with Bitcoin ETFs.

Is Dogecoin a good investment for beginners

Dogecoin is highly volatile compared to traditional assets. New investors should understand the risks of meme coins before investing and avoid risking money they cannot afford to lose.

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The post Here’s Where Dogecoin (DOGE) Price Could Go this New Week appeared first on CaptainAltcoin.