Dogecoin Bears Tighten Grip, But This Support Zone Hints At A Potential Reversal

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Dogecoin is once again under pressure as bears tighten their hold, keeping the price pinned below key resistance levels. Despite the ongoing consolidation, one crucial support zone is beginning to show signs of strength, hinting that a potential reversal could be on the horizon if buyers step in at the right moment. Momentum Hinges On RSI and BTC Dominance Levels

Umair Crypto, in his latest updateon Dogecoin, noted that the meme coin is currently consolidating just beneath the 200-day Simple Moving Average (SMA), forming what appears to be a clear bearish setup. According to Umair, the structure suggests that the price could soon face rejectionfrom this critical moving average, a move that may trigger a decline toward the $0.15 region, or potentially even lower if selling pressure intensifies. Related Reading Dogecoin Awaits Risk-On Ignition As 2021 Pattern Repeats 1 day ago

Despite the bearish tone, Umair highlighted that the $0.15 zone remains a crucial area of interest for buyers. He explained that this region could act as a strong bounce zone if the expected rejection occurs, offering the bullsa chance to defend the key support and potentially ignite a recovery from oversold conditions. Source: Chart from Umair Crypto on X

On a more optimistic note, Umair pointed out that a recovery above the daily RSItrendline could change the short-term outlook for DOGE and fuel a move above the 200-day SMA, opening the door for renewed bullish momentum. However, Umair maintained a cautious stance for now until there’s a confirmed decline in Bitcoin dominance (BTC.D) below 59%. This shift would likely mark the beginning of a more sustainable upward phase, including Dogecoin. Dogecoin Regains Stability After Recent Correction

In a more recent market update, BitGuru highlighted that Dogecoin is starting to display early signs of a potential recovery following its recent correction phase. After facing sustained downward pressure, the popular meme coin seems to be regaining some stability as its price actionbegins to level out. Related Reading Dogecoin Price Eyes Major Breakout, Is A Rally To $0.7 All-Time Highs Possible? 1 week ago

BitGuru pointed out that DOGE has managed to hold firmly near a key support level despite recent volatility. This steady price action near the base suggests that buyers are gradually stepping back in, showing confidence in the asset’s long-term potential. The chart structure is beginning to curve upward, which often precedes a breakout or a notable shift in market sentiment

He further explained that if this early momentum continues to develop, Dogecoin could be preparing for a breakout toward the $0.22–$0.25 range. A successful move in that direction would mark a meaningful recoveryfrom its previous decline and could spark renewed interest from traders. DOGE trading at $0.19 on the 1D chart | Source: DOGEUSDT on Tradingview.com Featured image from Pixabay, chart from Tradingview.com