DOGE’s price stabilizes above $0.13 as selling pressure eases.
Indicators signal cautious momentum despite improving inflows.
This analysis reveals what is needed for an extended recovery.
Dogecoin (DOGE) may be exhibiting early signs of recovery after its decline on Cyber Monday, with the memecoin attempting to stabilize above a key support zone.
Following the drop that pushed DOGE’s price to its lowest levels in weeks, buyers are slowly returning, helping the coin regain footing.
However, bullish momentum remains limited. Despite the recent price stabilization, which suggests Dogecoin’s price may be preparing for a potential bounce.
Will DOGE see a new leg up? Let’s find out.
Dogecoin Sees Modest Recovery
On the 4-hour DOGE/USD chart, the Money Flow Index (MFI) shows a modest increase in capital inflows, suggesting that selling pressure may be easing after the recent downturn.
The indicator remains below the neutral 50 level, but the MFI seems to have exited its downtrend, indicating early signs of stabilization.
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This shift could pave the way for a potential relief bounce if buyers continue to step in around the current support zone.
Similarly, the Bull Bear Power (BBP) prints a weak bullish outlook.
Although the indicator remains below zero, with red histogram bars dominating.
Furthermore, the shrinking red bars indicate a decline in bearish strength and a possible momentum shift as DOGE’s price attempts to establish a local bottom.
Sustained defense of this level may allow recovery toward mid-range resistance around $0.15, where Dogecoin’s price faced repeated rejection throughout November.
If momentum improves and inflows strengthen, a break above $0.15 could set the stage for DOGE to attempt a broader recovery heading into the December trading period.
DOGE Price Rebound Remains Weak
On the daily chart, DOGE’s price has stabilized, forming a bullish candle.
At the time of writing, DOGE trades at $0.14. The Moving Average Convergence Divergence (MACD) supports this outlook, showing green histogram bars, though their strength is fading.
Additionally, the 12-day EMA (blue) has crossed over the 26-day EMA (orange), signaling a subtle recovery after the Monday dump.
Meanwhile, the Chaikin Money Flow (CMF) shows a slight uptick in Dogecoin’s price, indicating capital is slowly flowing back into the memecoin. The reading remains below zero at -0.10, suggesting cautious buying.
Using Fibonacci retracement levels, DOGE has held just above the Fib level at $0.13.
The trend remains weak, though DOGE is gradually moving toward the 0.236 Fib level at $0.17. If momentum picks up, the memecoin could test the next resistance near $0.16.
Failure to hold $0.14 would see DOGE retest support around $0.13, and further declines could push the price toward $0.08.
Analyst Eyes Key Resistance Retest
In the meantime, some analysts believe that DOGE’s price might soon bounce higher.
One of them is pseudonymous trader BitGuru, who noted that DOGE might attempt a rebound toward key resistance zones.
“DOGE could attempt a rebound toward the 0.15–0.18 region. But a break below support would delay any recovery. This is a crucial zone where DOGE may be preparing its next bullish swing,” he said.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
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.
