2026-01-11 22:43:48

- Technical Analysis: Dogecoin Faces Ongoing Downward Pressure

The price of Dogecoin is trading at $1.1430 USD at the time of writing this report on Friday, with the 50-day Exponential Moving Average (EMA) limiting immediate recovery attempts at $0.1436 USD. The 100-day EMA is trending downward at $0.1608 USD, reinforcing the overall bearish trend, along with the 200-day EMA decreasing at $0.1791 USD.

The Moving Average Convergence Divergence (MACD) on the daily chart shows stability in the positive territory, with the blue line above the red signal line, indicating a slight advantage for buyers over sellers. However, the bullish green histogram above the average line is shrinking, indicating a slowdown in momentum.
The Relative Strength Index (RSI) stands at 55, indicating a neutral to bullish outlook on the same chart. A decisive rise could boost the chances of a Dogecoin recovery.

Daily Chart of the DOGE/USD Pair

The downtrend line from $0.3063 USD near $0.1276 USD has been broken, turning that area into an initial support level. If buyers can maintain this price level, focus will shift to the resistance at the 200-day EMA near $0.1795 USD, while failure to hold could lead to a pullback toward the breakout zone.

DOGE-1,39%

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Before00zero

· 9h ago

Dogecoin continues its decline on Friday after losing support at the 50-day exponential moving average, while remaining confined within a broader range. The derivatives market regains its gains as open interest in futures contracts decreases to $1.82 billion. DOGE exchange-traded funds (ETFs) recorded modest inflows despite increased volatility in the broader cryptocurrency market.

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