Weak Technicals Suggest Dogecoin Unlikely to Stage Strong Recovery, Says Analyst
TL;DR
Dogecoin’s price shows consistent bearish pressure for now.
Analyst RLinda identifies key resistance and support levels clearly.
The overall trend currently points toward further potential declines.
Dogecoin (DOGE) is trading at $0.1772 USD, showing a modest 1.15% increase in the last 24 hours. The current market capitalization stands at $26.89 billion, with a 24-hour trading volume of approximately $2.06 billion, representing a 7.66% volume-to-market-cap ratio, indicating healthy liquidity and ongoing retail participation.
From a technical analysis perspective, Dogecoin remains in a mild uptrend within a consolidation range between $0.16 and $0.19. The 50-day moving average (MA) is acting as dynamic support near $0.165, while the 200-day MA lies close to $0.19, a level that must be broken for a sustained bullish continuation.
The Relative Strength Index (RSI) is currently near 58, suggesting moderate buying pressure but no signs of overbought conditions. The MACD indicator has shown a positive crossover in recent sessions, reflecting short-term momentum that could push DOGE toward testing the $0.185–$0.19 resistance zone.
Analyst RLinda suggests that lower prices may be ahead
She notes that Dogecoin has been contained between $0.1763 and $0.118. The absence of strong upward movement indicates a bearish lean. This setup could lead to a further drop in value.
RLinda also points to a potential short-term rise to collect liquidity near $0.188. This pool of liquidity formed during trading activity at the start of the month. A quick price increase could target this area. However, such a move may be brief. The $0.188 level may act as a barrier, causing the price to reverse.
Source: Tradingview
If a reversal happens, the analyst expects a drop toward $0.165. The two main points to observe are the support at $0.1763 and the resistance at $0.188. A sustained break above $0.188 is needed for a recovery. A hold below $0.1763 would signal weakness.
RLinda states, “If the market does not allow the price to rise, it is worth watching the support level of 0.17635. Consolidation below this level will confirm the false breakout of the lower level and may trigger a decline.” For now, the sleeping dog shows few signs of waking.
Market sentiment for Dogecoin remains cautiously optimistic. Traders are watching whether Bitcoin’s consolidation around the $70,000 mark will provide enough market strength to fuel another memecoin rally. If bullish momentum continues, DOGE could test $0.20 in the short term. However, a drop below $0.165 would expose the asset to a potential correction toward $0.145 support.
Filed under: News - @ November 11, 2025 4:33 pm