DOGE Dumps 10% in 24 Hours

Dogecoin trades at $0.1027 as of writing, down 10.54% in the past 24 hours, even as it holds a 9.01% gain over the last seven days. The meme coin has also declined 25.34% in the past 30 days, giving back part of its recent recovery and placing immediate focus on the $0.10 support zone.

The latest pullback followed a failed attempt to break above $0.1175. After that rejection, DOGE slipped below $0.1120 and $0.1080, triggering a fresh downside correction. Despite the drop, price action remains above the $0.10 level and the 100-hour simple moving average, a technical detail traders continue to monitor closely.

Double Confluence at $0.10 Support

On the hourly chart of the DOGE/USD pair, a horizontal support is in play, and a bullish trendline is forming with support near $0.10. Market data shows buyers stepping in around this zone. The question now centers on whether this level can continue to absorb selling pressure.

Source: TradingView

If DOGE stabilizes above $0.10, analysts suggest the token could attempt another short-term push higher. However, a decisive break below this threshold could open the door to further downside. The price structure currently reflects a tug-of-war between short-term sellers locking in gains and buyers defending a critical technical floor.

Short-term volatility often defines meme coin cycles. Still, technical levels frequently guide momentum shifts. For now, the $0.10 region stands as the line separating renewed optimism from extended weakness.

Trendline Retest Could Offer a Fresh Surge

On the daily chart, DOGE recently broke above a descending trendline before pulling back to retest it as support. Traders often interpret this pattern as a textbook breakout confirmation. When former resistance flips into support, it reinforces the validity of the move.

The retest appears to have held so far. If DOGE maintains this structure, analysts anticipate the potential for a stronger upward leg. Yet confirmation requires sustained price action above the reclaimed trendline.

Source: TradingView via X

This setup has drawn attention because it mirrors previous consolidation and breakout phases. In earlier cycles, similar structures preceded accelerated rallies. Whether history repeats remains uncertain, but chart watchers continue to track the pattern closely.

Weekly Wedge Structure at Key Support

On the weekly timeframe, @Ali charts point to a large wedge formation. Historically, DOGE has respected wedge patterns, with prior breaks leading to sharp upside expansions. The current price now sits near the support of this broader structure.

Source: Ali Charts via X

@Ali Charts highlighted that previous interactions with this wedge produced upward breakouts. If DOGE breaks above the upper boundary again, momentum could shift rapidly. Still, wedge patterns require confirmation through volume and follow-through price action.

Looking Back at Past Cycles

Historical cycle analysis adds another layer to the discussion. In earlier bull markets, DOGE delivered significant multiples. The first major cycle produced a 95x move. The second cycle surged roughly 310x. Market participants now speculate about what a third cycle could bring if the broader crypto market turns favorable.

Source: Parody / Elon Musk via X

Such projections rely on pattern repetition and macro conditions aligning. With the broader market experiencing mixed momentum, traders remain cautious while monitoring support levels.

For now, Dogecoin is at a key level. The $0.10 support, daily trendline retest, and weekly wedge structure converge at a pivotal moment. That’s quality confluence. Will buyers defend this zone decisively, or will sellers push the token lower? Let’s see what the next few sessions decide at the current market price.