Dogecoin Defends Key Support as Buyers Eye Bounce: Can $0.15 Be Reclaimed?

Key Insights:

• Dogecoin defends $0.098 support zone as buyers show strength and momentum indicators turn bullish.
• RSI bullish divergence and MACD crossover suggest Dogecoin may begin short-term recovery from downtrend.
• Traders eye $0.11 and $0.13 resistance levels before DOGE can attempt reclaiming the $0.15 mark.

Dogecoin (DOGE) is trying to hold a major support zone after weeks of downward movement. Recent trading signals suggest that a short-term recovery may begin if buyers keep control at current levels.

Traders are watching this move closely, as technical indicators show a possible shift in trend. As of now, Dogecoin is trading at $0.0984, with a 24-hour trading volume of over $1.67 billion.

Key Support Level Holds Eyeing a Move Toward $0.15

Dogecoin has reached a major support zone after a long downtrend. The price dropped near the $0.098 mark, where buyers started to take action. Analysts say this area is important, as past reactions from this level have led to price moves in both directions.

Crypto analyst BitGuru stated, “Buyers are trying to defend this level so a short-term bounce is possible if price holds here.” This support zone is seen as a base for possible upward movement if pressure from sellers weakens further.

So far, buyers have been active, and price action is showing some early signs of recovery. The market remains cautious; any drop below this support could lead to further losses. The $0.098 zone remains an area to watch.

With current signs of a bounce, the key question is whether Dogecoin can return to the $0.15 level. To do that, it must move above resistance levels that blocked past attempts. The first target is around $0.11, and then $0.13 before reaching $0.15.

Technical Indicators Point to a Possible Recovery

According to Trader Tardigrade shared a technical update, noting key indicators that point to a possible trend change. A 4-hour chart shows a bullish divergence on the Relative Strength Index (RSI), which can be a sign of slowing downside momentum.

Another chart pattern noted by the same trader is the breakout from a descending broadening wedge. These patterns often show a shift in market trend. The Moving Average Convergence Divergence (MACD) has shown a bullish crossover, which can suggest rising momentum.

Still, traders warn that these patterns are not always followed by sharp moves. With current signs of a bounce, the key question is whether Dogecoin can return to the $0.15 level. To do that, it must move above resistance levels that blocked past attempts. The first target is around $0.11, and then $0.13 before reaching $0.15.

Market interest is growing as volumes stay high. While the price is only slightly down in the past 24 hours, buyer interest near support gives the asset a better chance for recovery.