2026-01-02 18:23:41

Dogecoin performed remarkably today, breaking above the $0.13896 threshold, with a 24-hour increase of 11.04%. Trading activity also significantly picked up, with a daily trading volume exceeding 246 million DOGE. From a technical perspective, what are the notable signals behind this rebound?

Price fluctuations are within the $0.12453 to $0.13944 range, with a 24-hour trading volume of 1.871 billion DOGE. Looking at a longer timeframe, the past 7 days have seen a 13.76% increase, but over the past 30 days, it still declined by 6.91%, with market capitalization maintaining the 9th position globally.

On the daily chart, recent movements are indeed worth noting. The price broke through the key $0.138 level, surpassing the upper boundary of the previous downtrend channel, indicating a potential short-term trend reversal. Trading volume also showed a clear increase, suggesting new funds are entering on dips. The 5-day moving average around $0.130 has formed a strong support level, boosting short-term buyer confidence.

However, risk factors cannot be ignored. The two critical levels at $0.1394 (today’s new high) and $0.1435 (previous resistance) still need to be broken and confirmed. Without sufficient volume, there may be resistance at these levels. It’s worth noting that the decline over the past 90 days still reached 43.89%. The current rebound is more of an oversold correction, and the medium- to long-term weak pattern has not been truly reversed.

From a trading perspective, in the short term, if the price holds above $0.138, consider entering with a light position, with a stop-loss below $0.1245. Partial exits can be made between $0.1394 and $0.1435. For medium- to long-term considerations, it’s advisable to wait patiently until the price stabilizes above $0.150 and the trend truly reverses before re-entering with a larger position.

The first support level is around $0.130 (neckline). If broken, it indicates the rebound may fail. The second support is at $0.1245; once broken, the rebound momentum will be essentially lost. The first resistance at $0.1394 is today’s high, and the second resistance at $0.1435 is a key previous pressure level. Breaking through these two levels could target $0.150 next.

Overall, Dogecoin’s recent rebound shows many positive signals, but maintaining a calm approach and precisely managing risks remain the eternal themes of this market.

DOGE11.63%

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NullWhisperer

· 2h ago

technically speaking, that 43.89% drawdown over 90 days is the real story here—everything else is just noise masking the actual weakness. this "bounce" reeks of dead cat.

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ZKProofEnthusiast

· 2h ago

Rebound is a rebound, but remember that it dropped 43% in 90 days. Don't be blinded by an 11% increase. --- 13 points, looks good but still feels fake. Let's wait until it breaks 14.35 before making any moves. --- It's the same old story of light positions, stop-losses, and scaling out. Hearing it so often that my ears are getting calloused haha. --- Did Dogecoin really recover? Or is this just another false breakout before a rollercoaster? Not sure. --- Is increasing trading volume a good sign? But can the 13-day moving average support hold... --- The medium to long-term weakness hasn't turned around. Forcing a bottom is a bit reckless. I'll wait and see. --- Damn, it dropped so much in the first 90 days. Now this rebound is probably just bloodsucking. Just a routine. --- $0.150 is the real dividing line. I won't believe in a trend reversal until it breaks above that. --- Playing with a small position is okay, but going all-in? That's just gambler's mentality, brother. --- 11% looks good, but comparing it to the decline really isn't meaningful. I'll keep observing.

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AltcoinHunter

· 2h ago

Here we go again. Can this rebound really reverse the trend? Should I just go all-in? Breaking below 0.138 is the signal? Feels like it broke through before too... Down 43.89% in 90 days, now only up 11%. This recovery speed is really a bit torturous. I’m optimistic about the technicals, but my wallet has already thinned out. Let’s wait until it stabilizes at 0.15. Your analysis is quite clear, but the real question is who can actually cut losses precisely at 0.138? Hahaha

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Rugman_Walking

· 2h ago

Here comes the same old trick to cut leeks again, a 43% drop in 90 days yet claiming a rebound signal Wait, did this 0.138 really break? I was damn sleeping Oversold correction is just grandma stepping in to buy, understand brother Can't even hold $0.15 and still analyzing here Light position? I went all in short haha

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