Dogecoin (DOGE) Price Remains Range-Bound, but Bearish Trend Could Soon Be Over

Dogecoin (DOGE) is still stuck in a tight range. However, momentum is quietly shifting.

After weeks of steady decline, selling pressure is beginning to fade. 

At the same time, buyers are stepping in near key support. As a result, the current Dogecoin price structure hints that the bearish trend may be nearing its end. 

But does that mean the DOGE price will break out? Let’s find out.

Breakout Setup Forms

On the 4-hour chart, DOGE continues to trade between key support near $0.08 and resistance around $0.10. The price is currently hovering around $0.09, near the mid-range.

This positioning reflects indecision, as neither buyers nor sellers have established dominance.

However, momentum indicators are beginning to shift. The Moving Average Convergence Divergence (MACD) is turning upward, with the signal line poised to cross above the MACD line.

At the same time, histogram bars are gradually flipping to positive values. This suggests that buying pressure is quietly building. Still, the move lacks strong expansion, meaning confirmation is not yet in place.

Meanwhile, the Money Flow Index (MFI) is climbing and currently sits above 50, indicating improving capital inflow. This shift points to strengthening demand.

However, it remains far from overbought territory, leaving room for further upside if buyers sustain pressure.

Structurally, the market continues to respect its range. Price has repeatedly rejected the $0.105 zone, confirming it as a strong supply area.

On the downside, the $0.089 level has held firm, acting as a reliable demand base.

If bulls push DOGE’s price above $0.10, momentum could accelerate toward the range high.

A clean break above $0.105 would invalidate the range and shift the structure to the bullish side.

Tentative Market Revival

Dogecoin’s open interest has edged higher by 2% in the last 24 hours, signaling a slight return of derivatives activity.

This uptick suggests traders are cautiously re-entering positions after a prolonged cooldown phase. 

Consequently, the price remains relatively stable, suggesting that fresh leverage has not yet driven strong directional momentum.

If the open interest continues to rise alongside Dogecoin’s price, it could support a short-term recovery. Otherwise, the move risks fading quickly.

DOGE Price Analysis: Breakdown Still Possible 

Dogecoin’s price continues to trade under pressure, hovering near $0.092 as the broader downtrend remains intact.

The daily chart shows a persistent descending channel, with price consistently forming lower highs and lower lows.

More importantly, DOGE’s price has broken below key Fibonacci levels, losing the 0.382 ($0.17) and 0.236 ($0.13) zones, confirming a deeper corrective phase.

Meanwhile, price is compressing just above the 0 Fib level near $0.079, which now acts as critical structural support. A breakdown below this level could trigger an accelerated sell-off.

However, momentum indicators are stabilizing. The Relative Strength Index (RSI) sits around 47, reflecting neutral conditions and reduced selling pressure.

At the same time, the Awesome Oscillator (AO) remains slightly negative, indicating bearish momentum still lingers.

Therefore, while downside risks persist, weakening momentum suggests a potential short-term bounce.

Still, any recovery must reclaim $0.13 to invalidate the broader bearish structure.

About the Author

Victor Olanrewaju

Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.

With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.

He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.

In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.

At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.

He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.

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