Dogecoin (DOGE) Signals Recovery as Indicators Hint at Breakout Potential
Dogecoin (DOGE) is giving early indications of a possible recovery after a recent decline, as technical indicators point to a possible breakout, which might lead to a price surge if it occurs. However, currently, the momentum of Dogecoin is low, and the trend is still bearish.
At the time of writing, Dogecoin (DOGE) is trading at $0.1037, with a 24-hour trading volume of $1.83 billion and a market capitalization of $17.32 billion. Over the last 24 hours, DOGE has gained 8.09%, signaling a possible shift after recent bearish activity. Data sourced from CoinMarketCap.
Dogecoin Shows Early Signs of Reversal
On February 14, 2026, crypto analyst World Of Charts said that the price of the Dogecoin cryptocurrency is displaying early technical indications of a potential reversal. The analyst, however, stressed that a breakout confirmation is still necessary.
For now, investors should watch the price action as it nears the trendline resistance in both the DOGE/BTC and DOGE/USDT trading pairs. A breakout could lead to a bigger move higher, even doubling from current price levels.
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DOGE Struggles Amid Bearish Signals
Although there have been recent advances, Dogecoin’s upward momentum is still restricted. Dogecoin’s Relative Strength Index (RSI) is currently trading at 35.19, which is a little lower than the standard 37.65.
The current trading price is $0.1027, which is below major Simple Moving Averages (SMAs), i.e., 20-day SMA $0.1523, 50-day SMA $0.1821, 100-day SMA $0.1926, and 200-day SMA $0.1362. This means that the overall trend of Dogecoin is still bearish.
The Moving Average Convergence Divergence indicator is also showing weakness, with the MACD line at -0.0273 below the signal line, which is at -0.0230, and a negative histogram at -0.0043. There is selling pressure, but it’s not accelerating. DOGE might face pressure if the momentum does not improve and the indicators turn positive.
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