Dogecoin (DOGE/USD) Attempts a Rebound

Dogecoin (DOGE) Current Statistics

The current price: $0.124
Market Capitalization: $19.25 billion
Trading Volume: $95 million
Major supply zones: $0.150, $0.200,, $0.250
Major demand zones: $0.12, $0.11, $0.10

Dogecoin (DOGE) Price Analysis—January 1, 2025

The Dogecoin market has continued to show a strong price bias around the $0.12 level. Recently, on December 31, the price briefly dipped below this zone, sliding to approximately $0.117, as bulls temporarily lost control under selling pressure. However, renewed buying interest quickly emerged, allowing the price to recover back toward the $0.12 level.
Since then, consolidation has persisted around this key price zone. For nearly three weeks, the crypto signal has remained firmly supported near $0.12, highlighting the market’s resilience at this level. Prolonged consolidation often attracts fresh bullish interest, particularly when sellers fail to push prices meaningfully lower.

The continued compression of price action around $0.12 suggests that bearish momentum may be weakening. If this pressure continues to ease, the market could soon give way to a bullish recovery, potentially setting the stage for a rebound.

DOGE/USD Technical Indicators Outlook

From an indicator-based perspective, the Dogecoin market still suggests that bears maintain a slight upper hand. However, bulls appear to be attempting to form a bottom around the $0.12 level, as sustained bullish resilience has kept the price anchored in this area.

Recent candlesticks are showing smaller real bodies near these lows, indicating that selling pressure is weakening and bearish momentum may be fading. Prolonged price stability near the lower end of the chart often begins to attract renewed bullish interest.

The RSI is currently hovering around the 35 level. While this reading remains in bearish territory, the sideways movement of the indicator suggests that downside momentum is slowing and the market may be positioning for a potential breakout.

DOGE/USD – 4 Hour Chart

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