Dogecoin traded near $0.108 on Feb. 3, extending losses after another failed recovery on the daily chart. The move kept DOGE firmly below the 50 day exponential moving average near $0.1306, which continues to slope lower and define the dominant trend.
The latest decline followed a short lived bounce in late January. Price pushed toward the $0.137–$0.138 zone but stalled quickly. That area aligned with former horizontal support and the falling 50 day EMA. Sellers stepped in at that level and forced DOGE back below $0.115, confirming resistance and ending the rebound attempt.
Dogecoin / US Dollar – Daily (DOGEUSD): Source: TradingView
The broader slide began in November, when Dogecoin broke under the $0.155–$0.160 support range. Price failed to reclaim that zone on multiple retests and shifted into a lower structure. Since then, DOGE has continued to post lower highs, with each rally capped below prior resistance. The loss of the $0.137 area in December added momentum to the move lower and pushed price toward the bottom of the range.
Volume patterns remain uneven. Recent rebounds showed muted participation, while several down days since October printed heavier volume. That contrast suggests selling pressure has carried more weight than buying interest during this phase.
Momentum remains weak. The daily relative strength index sits near 34, staying below the 50 midpoint and signaling sustained bearish control rather than a completed pullback. RSI has not produced a confirmed divergence as price drifted lower into early February.
DOGE is now holding just above the $0.108–$0.115 support band. A clear break below that area would expose the next downside zone near $0.087–$0.090. On the upside, price would need to reclaim $0.137 first, followed by the $0.155–$0.170 range, to alter the current daily structure.
Dogecoin Chart Maps Upside Targets After Trendline Breakout
A TradingView chart shared by Lucky, known as @LLuciano_BTC on X, shows Dogecoin breaking above a long descending trendline on the daily timeframe and holding inside a marked demand zone. The setup frames the move as a potential trend shift after months of lower highs, with the former trendline now positioned as support rather than resistance.
Dogecoin / TetherUS, 1D (DOGEUSDT): Source: Lucky (@LLuciano_BTC) on X
The chart outlines a projected recovery path that targets two upside levels. The first target sits near a prior consolidation band, where price previously stalled before turning lower. The second target aligns with a higher resistance area near an earlier swing high, suggesting a broader rebound scenario if follow through buying develops.
The analyst’s roadmap depends on support holding at the demand zone and along the broken trendline. A clean hold keeps the bullish structure intact and leaves room for an advance into the first target region. However, a breakdown back below the demand zone would weaken the breakout signal and raise the risk of renewed downside continuation.
Source: https://coinpaper.com/14265/dogecoin-price-slips-again-after-failed-rebound-but-breakout-chart-maps-upside-targets
