Dogecoin is trading near a critical support zone after pulling back from the upper boundary of its multi-week price channel. Technical analysts Ali Charts and Moe point to key levels where the 50-day simple moving average, channel support, and a potential local bottom formation could determine Dogecoin's next directional move. DOGE recently touched the upper channel area near $0.1156 before retracing lower, with the current price action testing support around $0.1020–$0.1027.
Daily Chart: DOGE Holds the Line at $0.1020 Support
According to a daily chart shared by Ali Charts on X, Dogecoin has retraced toward the $0.1020–$0.1027 area after losing momentum near the top of its multi-week channel. This zone holds significance because it aligns with the channel's mid-level and the 50-day SMA, adding technical weight to the support level.
The price is now testing the middle of the channel, where support is marked around $0.1027. This area sits close to the 50-day simple moving average, reinforcing its importance as a potential floor for the current move.
If Dogecoin holds above this zone, the chart points to a possible rebound toward $0.1156, bringing DOGE back to the upper channel boundary where sellers appeared earlier. That level remains the main upside target if buyers defend the current support zone.
However, a clean break below the $0.1020 area could weaken the short-term setup. In that case, Ali Charts said he would watch the lower channel boundary near $0.0883 as the next support level to monitor.
Weekly Chart: Local Bottom Formation Tests Three-Month Resistance
On the weekly timeframe, Dogecoin is testing a major resistance area as analyst Moe identifies a potential local bottom formation before a possible stronger upside move. The weekly chart shows DOGE pressing into a green resistance band marked as three-month resistance, near the zone where price previously broke higher after a bottoming structure.
Moe's analysis compares the current DOGE structure with an earlier bottom from 2024. In that previous move, Dogecoin formed a rounded base, printed a strong candle, and then moved sharply higher. The latest chart shows a similar rounded bottom forming, with DOGE having moved above a descending trendline—a signal that selling pressure has started to weaken.
The analyst marked the recent pullback as a local bottom. The chart also shows a candle with no upper wick, which can indicate that buyers controlled the move during that period.
The key test remains the green resistance band. DOGE needs to hold this area and push through it before the chart can confirm a stronger breakout. If the structure continues, the projected path points toward a move above the resistance zone. A rejection from the three-month resistance zone would weaken the setup and keep DOGE inside its wider trading range.
