Dogecoin is showing resilience at key support, with buyers repeatedly jumping in to absorb downside pressure. However, momentum indicators and the broader structure continues to favor the bears, keeping the short-term trend under pressure. This tug-of-war sets the stage for a decisive move, as the next reaction will determine whether the DOGE stabilizes or slides deeper.
DOGE is stuck in an extended repair phase
According to the recent update by More Crypto Online, Dogecoin’s price action remains stuck in a corrective phase that has been in effect since November 2024. The sharp, rapid decline on October 10 added complexity to the broader structure, making the chart more difficult to interpret. However, the fundamental scenarios outlined in earlier analyzes still hold, with the short-term trend clearly skewing downwards.
Although the “yellow” scenario allows for the possibility of another increase, the negative momentum is still under control. Until DOGE shows a decisive reaction at a major support level, or at least manages to stabilize before slipping below the 9.6 cents level that marks the lowest level since October 10, further weakening should be expected.
Initial support is at 9.6 cents, followed by deeper levels at 8.0 cents and then 5.4 cents. It is still uncertain whether the price will eventually reach these lower targets, but so far there are no technical signals pointing to the formation of a local bottom.
Overall momentum remains negative, while DOGE continues to trade within a local downtrend. Although a bullish reversal could develop at some point, current conditions do not justify accepting a bullish bias. Attempting to predict reversals before confirmation carries increased risk in this environment, making caution the prudent approach for now.
The bears are pressing, but Dogecoin refuses to break through
Crypto analyst Broke Doomer discovered that DOGE shows significant resistance, as the bears tried unsuccessfully to lower the price several times. Despite the continued downward pressure, the price is still holding, suggesting that the current support level is much firmer than the sellers expected.
The analyst noted that any dip into this specific zone is bought out relatively quickly, a clear indication that strong bids continue to occur whenever weakness shows. This aggressive “buying on the dip” behavior suggests that institutional or large buyers are likely positioning themselves within this consolidation range, preventing a deeper breakdown.
Given the constant battle between supply and demand, the focus has now shifted to the longevity of this base. Broke Doomer questioned how long this support would last before buyers finally took full control of the momentum.
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