Dogecoin is back at a critical technical area after breaking above its long-term downtrend on the daily DOGE/USDT chart. The current move is a retest, with traders watching whether the former resistance line can now hold as support.
Daily chart puts the spotlight on $0.0713
In the analysis cited by the article, Celal Kucuker says Dogecoin currently offers one of the cleaner technical setups among altcoins. The main issue is not the breakout alone. What matters now is whether the trend line continues to function as support. The first major support level highlighted is $0.0713, and holding above that zone is seen as necessary to keep the recovery structure intact.
If that support remains in place, the article points to $0.0905 as the first major upside target. A broader target sits at $0.1187, a level close to the important $0.12 resistance area. Those price zones now frame the near-term setup for DOGE.
DOGE/BTC remains compressed on the monthly view
The longer-term picture is less decisive. On the monthly DOGE/BTC chart, Dogecoin is still described as being stuck in a prolonged consolidation phase against Bitcoin. After two strong bull waves in earlier cycles, the pair has continued to trade below a major long-term descending resistance.
According to Cryptollica, the expected DOGE/BTC breakout in 2024 has not materialized so far. The pair remains squeezed near major long-term support, leaving too little evidence to call the start of a fresh Dogecoin bull run against Bitcoin. The article also notes that Dogecoin tends to perform better when risk appetite rises and capital rotates into more speculative assets, usually alongside weaker Bitcoin dominance or a stronger ETH/BTC structure.
Support behavior now shapes the next move
The article stops short of calling a completed reversal. If DOGE fails to stay above the trend line, momentum could fade and price action may slip back into a sideways range. That makes the current support test the main short-term signal on the chart.
For now, the daily structure looks firmer than the long-term DOGE/BTC trend. Price action around $0.0713 is central, while $0.0905 and $0.1187 remain the next levels being watched if the retest holds.