Dogecoin price is trading around $0.09511 after declining roughly 5% from its intraday high near $0.099, reflecting early selling pressure before finding support. The price briefly dipped toward the $0.085 area but quickly rebounded, indicating buyers are defending lower levels. While DOGE remains slightly down on the session, holding above $0.09 suggests short-term stability, with a potential recovery toward the $0.095–$0.10 range if buying momentum continues.
DOGE Price Approaches Crucial $0.054 Support as Bounce Zone Comes Into Focus
According to recent data from Ali Martinez’s monthly chart, Dogecoin is hovering above a historically important support zone near $0.054. This level has previously acted as a strong demand area where selling pressure weakened, and buyers stepped in, making it a key technical floor. The long-term structure shows DOGE correcting from higher levels while respecting this base, suggesting the market is approaching a decision point rather than a free fall.
If price revisits the $0.054 region and holds, it could trigger a technical bounce as long-term holders and dip buyers look for value. A successful defense of this support would strengthen the case for a broader recovery phase, while a clean break below it would signal deeper downside risk. For now, this level remains the main zone to watch for signs of renewed bullish momentum.
DOGE Near Key Support With Potential Move Toward $0.3
Meanwhile, according to Crypto GVR’s analysis, DOGE has been on a steep downtrend over the past week, recently hitting a low of $0.08001. The analyst suggests that the coin is approaching a critical support zone between $0.075 and $0.094, where a reversal could potentially begin. This range is seen as a key entry point for investors looking to accumulate DOGE before a longer-term recovery.
If the reversal occurs as expected, DOGE could start a gradual upward trajectory, targeting the $0.2–$0.3 range over an extended holding period. This projection is based on historical price patterns and market momentum indicators, indicating that once the support zone holds, bullish sentiment may drive a significant price recovery.
Source: https://coinpaper.com/14359/dogecoin-price-prediction-analysts-eye-rebound-to-0-3-as-doge-holds-critical-support
