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Dogecoin is once again under pressure as bears regain dominance, with price remaining trapped below key resistance. While the market is still trading sideways, an important area of support is starting to show signs of stabilizing, suggesting that a trend reversal may soon come if buyers step in at the right time. Momentum depends on RSI vs BTC dominance Crypto analyst Umair Crypto pointed out in the latest Dogecoin analysis that DOGE is still consolidating below the 200-day simple moving average (SMA), and the overall trend shows a clear bearish structure. According to Umair, this means that the price may be suppressed by this moving average, giving it a chance to test down to the $0.15 area again. If selling pressure intensifies further, prices could fall even lower. However, he also pointed out that the $0.15 area remains a key support zone that buyers are paying close attention to. If the price finds support in this area and forms a rebound, it may become a new bulls' line of defense and bring an opportunity for repair in the oversold market.  Umair also added that if Dogecoin breaks through the RSI trend line at the daily level, the short-term trend may completely change, and there may even be a chance to break through the 200-day moving average, opening up new room for growth. But he also remained cautious, saying a full reversal would not be confirmed until Bitcoin dominance (BTC.D) fell below 59%. This change, if it occurs, would mark the beginning of a more sustainable upcycle, of which DOGE could also be a beneficiary. Dogecoin shows signs of stability after recent pullback Another analyst BitGuru mentioned in the latest market report that Dogecoin is gradually returning to stability and showing initial signs of recovery after experiencing a significant correction. After a long period of downward pressure, the price trend of this emoji coin has begun to stabilize, indicating that the market is digesting the early decline. BitGuru notes that while volatility remains, Dogecoin has managed to hold near major support zones, indicating that buyer power is returning. The chart structure begins to curve upward slightly, which often means that market sentiment is turning from pessimistic to optimistic, building momentum for a potential rebound. He further explained that if this initial momentum can be sustained, Dogecoin may be preparing to break out of the $0.22 to $0.25 range. Once it successfully breaks through this range, the price will usher in a phased rebound and is expected to attract traders' attention again, laying the foundation for the next round of market trends.  The Bitcoin bull market has entered the second half, and the community has opened limited-time benefits and distributed selected potential coins for free. Scan the QR code or search WeChat ID: BNB7768 to add an assistant and join the group layout immediately.  |
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