Dogecoin is trading near $0.137, consolidating after a sharp intraday drop from around $0.138 to $0.135, where strong buying interest emerged. The swift rebound from this level highlights $0.136 as a key short-term support level, with the price quickly reclaiming the $0.137 zone. Since the recovery, DOGE has moved sideways in a tight range between $0.137 and $0.138, indicating market indecision after the volatility. A sustained hold above $0.136–$0.137 keeps the near-term structure stable, while a breakout above $0.138 would signal renewed upside momentum.
At press time, Dogecoin was trading at $0.1376, down 0.38% over the past 24 hours.
Dogecoin Stochastic Hits Oversold Zone, Hinting at Potential Bounce
According to analyst Trader Tardigrade, Dogecoin’s daily stochastic indicator slipping into the oversold zone signals that downside momentum may be nearing exhaustion. The stochastic oscillator measures the speed and strength of recent price moves, and when it drops into oversold territory, it suggests selling pressure has become stretched relative to recent ranges. Historically, this condition has often appeared near short-term bottoms for DOGE, especially after a pullback within a broader consolidation or recovery phase.
DOGE 1-day price chart, Source: X
From a technical perspective, Trader Tardigrade highlights that similar oversold readings in the past have preceded relief bounces or trend resumptions, rather than prolonged declines. While an oversold signal does not guarantee an immediate reversal, it increases the likelihood of stabilization as sellers lose control and buyers step in. In this context, the current stochastic setup suggests a potential rebound phase if the price confirms with follow-through and improving momentum in the coming sessions.
Dogecoin Price Stalls Near $0.138 as Bearish Trend Persists
Dogecoin has remained in a sustained downtrend on the daily timeframe, sliding from the mid-$0.20 region toward the current $0.137–$0.138 area. The chart shows a consistent pattern of lower highs and lower lows, with each recovery attempt capped below previous resistance levels around $0.16 and $0.15. While price has recently stabilized near $0.1377, this move still sits well below prior breakdown zones, indicating the broader bearish structure remains intact.
DOGE 1-day price chart, Source: TradingView
The Bollinger Bands show price trading near the lower band, with the lower band at $0.120 and the middle 20-day moving average around $0.139, highlighting continued downside pressure and weak volatility expansion. Price remains below the mid-band, which acts as dynamic resistance. On the momentum side, the MACD is close to the zero line, with the MACD line at 0.00133 and the signal line at 0.00149, resulting in a marginally negative histogram.
Source: https://coinpaper.com/13831/dogecoin-price-hovers-around-0-137-as-oversold-signals-hint-at-potential-bounce
