Dogecoin is stabilizing near the $0.13 mark after a recent 5% decline, as the broader crypto market continues to struggle. Over the past day, DOGE has remained below $0.14, reflecting the wider market downturn. The overall crypto sector has fallen 2.3% in 24 hours, extending a monthly drop of nearly 14%.
This weakness follows the Federal Reserve’s third interest rate cut of 2025, which failed to lift investor confidence. Additional pressure came from a pullback in major tech stocks led by Oracle, along with a $166 million liquidation wave in Bitcoin long positions.
Despite the negative sentiment, analysts see potential for a Dogecoin recovery. A breakout from its symmetrical triangle structure may set the stage for a move toward $0.20.
Dogecoin Approaches Critical Support in Symmetrical Triangle Setup
Trader Tardigrade highlighted that DOGE recently touched a key support zone within a symmetrical triangle pattern. This level has held strongly on the weekly chart, increasing expectations for a possible upside move. If this support remains intact, analysts suggest the price could surge significantly, with long-term projections reaching as high as $1.
DOGE at a Turning Point: Breakout or Breakdown?
At the time of writing, Dogecoin trades near $0.1343 after a 5% pullback. Price action has fluctuated between support at $0.13 and resistance around $0.15. This support level is now essential in determining DOGE’s next direction.
The Relative Strength Index (RSI) sits at 51, signaling neutral momentum. However, the MACD indicator shows a bearish divergence as the MACD line crosses below the signal line. A negative histogram further indicates downward pressure.
If the current trend continues, DOGE may retest the $0.13 support once more. A breakdown could send the price toward the next key level at $0.1250. On the bullish side, buyers need to push the price above the $0.14–$0.15 range to confirm upward momentum and target higher levels.
