DOGE Technical Analysis Feb 3
The post DOGE Technical Analysis Feb 3 appeared on BitcoinEthereumNews.com.
DOGE, while maintaining its overall downtrend structure, has reached the $0.11 level with a short-term 3.89% rise, signaling in the oversold region with RSI 31.53; however, MACD is bearish and Supertrend resistance appears dominant below $0.13, a cautious approach is essential. Executive Summary Dogecoin (DOGE), as of February 3, 2026, is trading at $0.11, maintaining the dominant downtrend structure. Although short-term recovery signals (RSI oversold, volume increase) are present, position below EMA20, bearish MACD, and Supertrend resistance reinforce the overall bearish bias. If critical support at $0.0946 is not held, bear target of $0.0634 may come into play; upside, the $0.1171-$0.13 resistance zone should be tested. Bitcoin’s bearish trend carries additional risk for altcoins – cautious short or range trading recommendation. Market Structure and Trend Status Current Trend Analysis DOGE’s higher timeframes (1D, 3D, 1W) continue to show clear downtrend dominance. Although price has broken out of the $0.10-$0.11 range with a 3.89% rise in the last 24 hours, the overall structure does not confirm higher high/lower low breakdown. Supertrend indicator is in bearish signal and positions $0.13 as resistance. Remaining below short-term EMA20 ($0.12) confirms short-term bearish momentum. In multi-timeframe analysis, 12 strong levels detected: 1D 1 support/3 resistance, 3D 2S/2R, 1W 2S/4R distribution – resistance weight strengthens downtrend. Structural Levels Structurally, recent swing lows cluster around $0.0946 (strong support, score 73/100). For bullish structure break, weekly resistance at $0.1656 (score 63/100) must be surpassed, but current price is 33% below this level. Fibonacci retracements form strong resistance at 0.5 level ($0.1078, score 80/100). Pivot point calculations keep around $0.11 neutral, but downtrend channel upper band $0.1171 (score 61/100) first test point. Technical Indicators Report Momentum Indicators RSI(14) at 31.53 points to oversold region, offering short-term bounce potential – divergence below 30 expected. MACD histogram negative and below signal…
Filed under: News - @ February 3, 2026 3:29 am