Dogecoin approaches $0.054 support level while trading around $0.10
The charts for Dogecoin indicate a critical support level around $0.054, showing a trendline test and the formation of a base across different timeframes. Market analyst Ali Charts highlighted the $0.054 level as a significant area to monitor for a potential rebound on Dogecoin’s monthly chart. Trading near $0.102, Dogecoin has experienced a decline from the mid-range of $0.157, with a previous peak close to $0.459 before the downtrend in 2026.
On the four-hour timeframe chart, Dogecoin’s DOGEUSDT perpetual trading shows a price breaking lower and bouncing on a rising trendline. Multiple moving averages indicate a downward slope, framing the broader downtrend. The MEXC market snapshot indicates DOGE trading between $0.088 to $0.091 post a sharp drop, with downside levels marked near $0.0725 and a zone around $0.08, which currently sits below the prevailing price. Prof Satoshi Nakamoto expressed confidence in buying at the current levels, predicting that DOGE will not drop below $0.08. The chart also outlines an upward trajectory targeting the $0.14 to $0.15 range in upcoming sessions.
The monthly chart for Dogecoin reveals a pattern of consolidation bases before significant directional movements. Tardigrade Alan describes the current structure as a “solid base,” with DOGE forming a rising base within the range of 2024 to 2026. Previous bases were established in 2015 to 2016 and around 2020, situated near the lower end of a sideways range before progressing to higher prices post-resolution. The chart displays DOGE’s rebound from the latest base, with candles moving towards the upper end of the recent range as the base trendline ascends.
In recent news, the Shiba Inu team warned of an address poisoning scam targeting Safe Wallet users, emphasizing vigilance against potential threats. Additionally, the PEPE price prediction indicates a make-or-break support level with a potential 600% breakout while XRP breaks realized price support, placing holders in a deep red zone.
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