Dogecoin price has spent the past few weeks under sustained selling pressure, extending its broader downtrend after losing the key $0.091 support level. The memecoin is now trading around $0.072, placing it just above a major weekly demand zone that has historically attracted buyers during previous corrections.
While the overall market structure remains bearish, the latest decline has brought DOGE into a technically significant area where sentiment often begins to shift. Traders will be watching closely to see whether buyers can defend this support and trigger a relief rally, or whether sellers regain control and push the memecoin toward fresh lows.
Dogecoin (DOGE) Price Analysis
The weekly chart suggests the Dogecoin price has reached a critical point after several months of lower highs and lower lows, entering a demand zone between $0.052 and $0.060. This area that previously acted as a strong accumulation region before major rallies. Despite this, the broader trend has not yet changed. DOGE continues to trade below both the 20-week and 50-week moving averages, which remain tilted lower and continue to act as dynamic resistance. This indicates that sellers still hold the advantage on the higher timeframe.
The above chart shows the 50/200-day weekly MAs are heading for a bearish crossover, commonly known as a ‘death cross.’ On the other hand, the MACD is also displaying a similar possibility, and hence, this could have a negative impact on the price. Therefore, if the selling pressure escalates, the price is believed to test the local support zone between $0.05 and $0.06. This range has been attracting significant buying volume, which could further trigger a strong breakout ahead.
For buyers, the first challenge lies at $0.091, where previous support has now turned into resistance. Reclaiming this level would strengthen the case for a recovery and could open the door for a move toward the $0.11–$0.14 region. On the downside, losing the demand zone would invalidate the current recovery setup and reinforce the broader bearish trend.
The Bottom Line
The Dogecoin price is trading at one of the most important technical levels on its weekly chart. The current demand zone offers buyers an opportunity to slow the ongoing decline, but the market still needs confirmation before calling a bottom.
As long as DOGE holds above the $0.052–$0.060 support zone, a recovery toward $0.091 remains a realistic possibility. A sustained move above that level would improve the medium-term outlook and shift attention toward higher resistance levels. Until then, the trend remains bearish, making the current support zone the key area traders should watch over the coming weeks.