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Dogecoin traded lower on the day as sellers kept control, while an analyst pointed to a developing bullish cup-and-handle setup that could trigger a breakout if confirmed.
Dogecoin ($DOGE) is currently changing hands at $0.09846, down 2.7% over the past 24 hours, indicating short-term bearish pressure. The 24-hour daily range spans from $0.09718 to $0.102, reflecting relatively tight but active intraday volatility. Price action shows $DOGE attempted to hold above the $0.10 level earlier in the session but gradually trended lower, settling near the lower half of its daily range.
Short-term performance metrics show mixed momentum: up 1.0% in 1 hour, down 2.6% in 24 hours, but still up 7.2% over 7 days. However, broader timeframes remain under pressure, with declines of 23.0% over 30 days and 60.6% in the past 1 year.
Traders will likely monitor whether $DOGE can reclaim the upper boundary of its daily range near $0.102 or if continued weakness pushes it toward deeper support below $0.097.
Dogecoin Price Prediction
On the daily chart, Dogecoin outlook remains in a broader downtrend, but is attempting to stabilize near the recent swing low around the $0.085–$0.090 region. This area now acts as immediate support after buyers stepped in to defend the dip. A breakdown below this zone could expose further downside toward the $0.080 region.
On the upside, immediate resistance sits near the $0.111–$0.117 area, where recent surge attempts stalled. A stronger resistance zone remains higher near $0.125, aligning with prior breakdown levels and previous lower highs.
Meanwhile, the Parabolic SAR dots are currently positioned below the price. When SAR dots flip below the candles, it typically indicates that upward momentum is building and buyers are gaining short-term control. This suggests Dogecoin may be attempting a trend reversal or at least a relief rally.
Looking at the Directional Movement Index, the -DI (around 37.6) is significantly above the +DI (around 18.8), indicating sellers are still in control. The ADX reading near 25 suggests a declining trend is in place.
While the -DI has started to ease slightly, bullish momentum would require the +DI to cross above the -DI, accompanied by a rising ADX to confirm strength behind any upward move. Until then, the structure favors cautious positioning with bears maintaining the upper hand.
Higher Levels Incoming for $DOGE?
Elsewhere, an analyst on X, Trader Tardigrade, says Dogecoin’s daily chart is forming a cup-and-handle pattern, which he views as a classic bullish continuation setup. He explains that $DOGE has already “carved out” the rounded cup shape, and is now building the handle through a period of consolidation near the prior high area (the “rim”).
He adds that the cup structure bottomed around $0.08 before rallying to roughly $0.11, and he expects the next decisive move to come once the price breaks above the handle’s resistance. If that breakout occurs, he believes $DOGE could push toward new highs.