The puppy memecoin is stable at $0.14. It is framed by a lack of enthusiasm from buyers and a selective market. The daily configuration reveals that Dogecoin maintains a well-established bearish structure, trading below all its main moving averages (20, 50, and 200 days). Despite the incipient general rebound in the crypto market over the last 24 hours, volatility in DOGE remains contained, signaling a controlled descent rather than panic.
Dogecoin’s stagnation occurs with the Fear & Greed Index at “Extreme Fear” (23), and with Bitcoin dominance hovering around 57.3%. In this context, capital is directed towards major assets, limiting the speculative appetite for memecoins like DOGE. Technically, the 14-day RSI sits near 33, indicating weak momentum, but no longer a sharp acceleration to the downside. The flat and negative MACD line confirms trend exhaustion, suggesting the decline is aging, although sellers still remain in control.
In summary, the Dogecoin structure level becomes a crucial pivot. The $0.13 area appears to be the key tactical support to watch, aligned with the daily pivot support. To the upside, the first significant resistance is found between $0.15 and $0.17, where the 20-day Exponential Moving Average resides. As long as DOGE stays below this range, any rebound should be interpreted as a short-covering rally within the general bearish trend, while the market awaits clear trend confirmation.
Source: https://coinmarketcap.com/currencies/dogecoin/
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