Dogecoin experienced a period of decline before sharply rebounding, showing volatility in its price movements. After the recovery, it stabilized and gradually moved upward, indicating renewed buying interest. The upward momentum continued, pushing the price to a higher level than its previous peak.
At press time, Dogecoin was trading at $0.1429, reflecting a modest 3.66% increase over the past 24 hours.
DOGE price chart, Source: CoinMarketCap
Dogecoin Risks Deeper Pullback as Strong Support Lies at $0.081
According to recent data by analyst Ali Martinez, Dogecoin is currently showing a noticeably weak support structure beneath its present trading range. The UTXO Realized Price Distribution (URPD) chart highlights minimal buying activity at the levels just below the current price, suggesting that DOGE lacks a strong cushion to absorb downward pressure. With such limited volume-backed support zones, even a moderate sell-off could trigger an accelerated decline as buyers are not densely concentrated in the nearby lower bands.
Source: X
The next significant support cluster appears around the $0.081 level, where a substantial concentration of previously accumulated DOGE becomes visible. This zone represents a key area where stronger demand has historically stepped in, offering a more reliable base for potential price stabilization. Martinez emphasizes that if the current support fails, DOGE may gravitate toward this deeper level, making $0.081 the most meaningful point of interest for traders watching for a potential rebound.
Dogecoin Nearing the End of Its Complex Pullback and Primed for a Major Pump
Meanwhile, according to Trader Tardigrade, the current weekly structure mirrors previous phases where Dogecoin formed a Complex Pullback, a rounded, multi-step corrective pattern before launching into a strong upward surge. Each time DOGE dipped through this curved pullback structure, it created the foundation for a major pump, and the chart suggests that the latest downturn is shaping up in the same familiar rhythm. The price has been grinding along a descending trendline, just as it did in earlier cycles, hinting that the corrective phase is nearly exhausted.
Source: X
Now, as the pattern tightens and the candles begin to curl upward, Trader Tardigrade points out that Dogecoin may be preparing for its next explosive move. The previous Complex Pullbacks in 2024 and early 2025 both preceded significant pumps, and the current setup looks remarkably similar, with a rounded structure, diminishing downside pressure, and early signs of a breakout attempt. If the pattern continues to play out as before, DOGE could be on the verge of shifting from consolidation to acceleration, setting the stage for the next major leg upward in the ongoing cycle.
Source: https://coinpaper.com/12936/dogecoin-could-drop-to-0-081-but-analysts-say-that-s-when-the-real-action-begins
